waiting for a sell from 399.15 | 30 August 2018

Wave Analysis

Ethereum is still withing the expanding wedge formation and is still pretty much bearish both on the daily and the weekly charts. We expected a possible rally towards 299.55 to pick a long term short position towards 238.90. But should the price rise above this level, then we'll wait for another break above the upper trend line to pick a long term long position towards 417.32. With the sell position expected a upon a rebound from 399.55, you should have your first take profit at 256.40 and the next at 200.00.

Trade Recommendations:

waiting for a sell from 399.15

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.