Wait | 27 July 2018

Wave Analysis

Just as in Bitcoin, Ethereum corrected itself to the lowerside but went a bit lower than expected and is now below a short term 4 hour support zone 460.35-467.09. This crypto is overally in an upward trend, but while the price is below this zone, we highly recommend that conservative traders should wait for another break again, above this zone to pick a low risk long position. The anticipated upward position should be the continuation of the impulsive wave (c) and should break above 509.65 but should not go beyond 725.25.

Trade Recommendations:

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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.