Bulls are fully charged | 18 July 2018

Wave Analysis

After breaking above the 4 hour resistance level 467.09, Ethereum pulled back to the same level before accelerating to the upperside. As long as the price remains above 467.09, we expect further momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should break above 548.70 but should not go beyond 646.60. This view can only be invalidated in case the price breaks below 460.35, 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.