we're short | 24 August 2018

Wave Analysis

Ethereum has not made any significant move to the lower side as we said previously. Nonetheless, the price is still within the falling but expanding wedge formation. As long as this shape is not broken to the upper side, we expect a possible momentum to the lowerside, the anticipated bearish price rally is merely the continuation of the impulsive wave (E) and should break below 236.85 and may extend lower to 201.00. According to the chart above, a buy position can only be recommended in case of a break above 399.46.

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.