We're long | 13 July 2018

Wave Analysis

After breaking above the falling wedge formation, Ethereum rallied slightly to the upperside, but has now pulled back to the lower supportive trendline. We expect the rebound from this trendline to have marked an end to the corrective wave (b), that the current rally to the upperside is the continuation of the impulsive wave (c) to the upperside and should break above 467.09 but should not go beyond 607.55. This view can only be invalidated in case the price breaks below 411.20, if this is the case, then we'll expect a rally to the lowerside.

Trade Recommendations:

We're long

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.