We're short from 399.63 | 29 August 2018

Wave Analysis

EThereum is still within the expending wedge formation. As we forecasted previously, while the price is within the falling wedge formation, we expect nothing but a possible bearish price rally towards 261.00. We expect the current bearish price rally to be the unfolding of a bullish correction should not go above 399.63 where we'll be looking to resell the impulsive wave (E) to the lower side with an ultimate target at 231.00. This view can only be invalidated in case the price breaks above 399.63.

Trade Recomendations:

We're short from 399.63

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.