Flat | 31 July 2018

Wave Analysis

So far, no clear direction is being seen on this chart, Ethereum is still rallying below 467.09-460.35. and as long as the price is below this zone, we expect a possible momentum to the lowerside. This is not to say that upward rally is not likely, but should the price break above 467.09, we will consider a long term long position with an ultimate target at 758.80. The anticipated bullish price rally will be the continuation of the impulsive wave (c) and should first break above 542.90 before a move further to the upperside is seen.

Trade Recommendation.

Remain flat

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.