Look for a buy position | 11 July 2018

Wave Analysis

After breaking below 467.09, Ethereum rallied to the lower side and is currently being supported by the lower trendline. We expect the previous day's decline in price to have marked the unfolding of the corrective wave (b), that any clear rebound from the same trend line will be an onset to the last impulsive wave (c) and should break above 467.098, before a move further to the upperside is seen. This view will only be rendered futile in case the price breaks below 411.20, if this is the case, then we'll expect a possible rally further to the lower side.

Trade Recommendations:

Look for a buy position

101% Double the volume

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.