we're short below the lower trendline. | 27 September 2018

Wave Analysis

Currently, ETH is correcting itself to the upperside within the rising channel formation. We expect the upward rally that began on 11th to be the unfolding of the corrective three wave cycle and should not go beyond 250.85, if this target is broken, then further momentum to the upperside is expected with an ultimate target at 326.90. And on the lowerside, we're only waiting for a clear break below the lower trendline to pick a long term short position with an ideal take profit at 170. If this target is broken, then this crypto could crash further towards 150.00.

Trade Recommendations:

we're short below the lower trendline.

101% Double the volume

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.