we're short from 399.65 | 27 August 2018

Wave Analysis

Also no significant move on this crypto, Ethereum is still within the falling channel formation and not showing signs of breaking above upper trend line. As long as the price remains within the expanding wedge formation, we expect a possible momentum to the lower side, as it is on the 4 hour chart, we're waiting for a clear rebound from 399.65 to pick along term short position. This view can only be invalidated in case the price breaks above 399.65, if this is the case, then we'll wait for a break above the upper trend line.

Trade Recommendation

we're short from 399.65

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.