Elliott waves crypto analysis – Only sell a clear breakout below the lower trendline

ETH –

Only sell a clear breakout below the lower trendline

Wave Analysis

Since establishing a support along the descending trendline, Ethereum has not made any significant move to the upperside. This crypto is short in the long run, so a break below this trendline will be an ideal place to look for a long term short position with an ultimate target at 350.21. However, should the price remain above this trendline, we’ll expect a momentum to the upperside. Another good buy place is if the price can get above the upper trendline, this being the case, we’ll expect a rally towards 657.372.

Trade Recommendations:

Only sell a clear breakout below the lower trendline

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