we're short | 23 August 2018

Wave Analysis

So far, no significant move has been seen on this crypto. Ethereum is still rallying within the tight range but is still very bearish. As long as the price within the falling, but expanding wedge formation, we expect a further rally to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (E) and should break below 246.60. You could wait for minor corrections towards 379 to pick a low risk sell position. This view can only be invalidated in case the price breaks above the upper trendline.

Trade Recommendation:

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.