wait for the current correction to end | 28 August 2018

Wave Analysis

Ethereum is still correcting itself upwards within the expanding wedge formation but is overall very bearish. As we mentioned few days ago, as long as the price remains within the expanding wedge formation, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lower side and should break below 236.40 but should not go below 200.00. You could also wait for a rebound from 299.66 to pick a low risk sell position.

Trade Recommendations:

wait for the current correction to end

101% Double the volume