Wait for a sell around 399.63. | 21 August 2018

Wave Analysis

Ethereum is still within the falling expanding wedge formation. During the previous trading week, the Impulsive wave (E) touched the lower supportive trendline but could not go below it. Ethereum has been loosing value and chances of loosing even further is very high, therefore, instead of looking for a buy now, we're actually waiting for a correction towards the red line 399.63 to pick a long term long position with an ultimate target at 223.35. This view will only be rendered futile in case the price breaks above 399.63.

Trade Recommendations:

Wait for a sell around 399.63.

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.