wait | 21 September 2018

Wave Analysis

For the better parts of this year, this crypto has been on the loosing end. However, recently, this crypto established a support around 118.85 and could not breakout lower. We expect this rebound to have marked an end to the impulsive wave (5) that the current bullish price rally is the unfolding of a corrective three wave cycle and should not go above 297.00. We expect the current impulsive wave (a) to extend to the upper side but should not go beyond 261.30 where we'll be looking for its correction.

Trade Recommendations:

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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.