We're short | 22 August 2018

Wave Analysis

Ethereum is still within the falling expanding wedge formation, as we mentioned previously, while the price is within this wedge formation, I expect a steep decline in value with an ultimate target at 223.35. The anticipated bearish price rally is the continuation of the impulsive wave (E) To the lowerside and should breakout below 223.35, but should not go below the 200 handle. This view can only be invalidated in case the price breaks above 395.53, if this is the case, then we'll expect a rally to the upperside.

Trade Recommendations:

We're short

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.