Elliott waves crypto analysis – Sell up to 467.09.

ETH –

Sell up to 467.09.

Wave Analysis

Ethereum failed to remain above the upper trend line and has instead broke again to the lower side. Now that the price is below this trend line and below a falling channel, we expect a possible momentum to the lower side. Ideally, we expect a break below 467.09 to confirm a possible bearish price rally. The anticipated bearish price rally is the continuation of the impulsive wave (v) and may break below 351.00. This view can only be invalidated in case of a rebound from 467.69 or a break above the upper trend line. Either way, a buy may be recommended.

Trade Recommendations.

Sell up to 467.09.

101% Double the volume

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