Wave Analysis

During the previous trading day, even after the drastic drop seen few days ago, Ethereum did make any clear moves to the lowerside, rather, Ether pulled back upwards but is still below 251.65. As long as the price is below the just stated level, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should break below 220.40 towards 190.00. This view can only be invalidated in case the price breaks above 251.65.

Trade Recommendations:

we're still short

101% Double the volume