we're waiting for a sell upon a bounce from the upper Trendline. | 05 September 2018

Wave Analysis

Ethereum is still trading within the falling channel formation. As we stated the previous trading day, as long as the price remains within this channel formation, we expect nothing but a possible momentum to the lowerside. As it is on the 4 hourly chart, we expect the corrective wave (iv) to continue to the upperside and should bounce from the upper trendline, where we'll be looking to sell the last impulsive wave (v) with an ultimate target at 237.75. This view can only be invalidated in case the price breaks above the upper trendline.

Trade Recommendations:

we're waiting for a sell upon a bounce from the upper Trendline.

101% Double the volume