Elliott waves crypto analysis – Expect a rebound from 581.93

ETH –

Expect a rebound from 581.93

Wave Analysis

During the previous trading day, Ethereum crashed despite the fact that we expected momentum to the upper side. This crypto is still however, several pips above 581.93, and as long as this level is not broken to the lower side, we still expect a momentum to the upper side. If this target is taken out, then we expect a possible bearish momentum towards 468.84 and may break lower towards 361.45. In case of a rebound from 381.82, then we’ll pick a long position towards 736.22 towards 842.10 or even higher.

Trade Recommendations:

Expect a rebound from 581.93 to pick a long position with your target at 736.22

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