We're short | 31 August 2018

Wave Analysis

Ethereum is slowly edging to the lower side despite the previous forecast that Ethereum could rise towards 299.55. Just as we mentioned few days ago, while the price is still within the falling shape, we expect nothing but a possible momentum to the lower side. You could fix a pending sell limit order around 299.61 stop loss above 432.90 or place a sell stop at 256.40. With this sell position, we expect the price to stretch lower towards 235.00. We may only consider a long position should the price break above 299.11.

Trade Recommendations:

We're short

101% Double the volume