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