Only sell a clear breakout below the lower trendline | 07 August 2018

Wave Analysis

Since establishing a support along the descending trendline, Ethereum has not made any significant move to the upperside. This crypto is short in the long run, so a break below this trendline will be an ideal place to look for a long term short position with an ultimate target at 350.21. However, should the price remain above this trendline, we'll expect a momentum to the upperside. Another good buy place is if the price can get above the upper trendline, this being the case, we'll expect a rally towards 657.372.

Trade Recommendations:

Only sell a clear breakout below the lower trendline

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.