Elliott waves crypto analysis – Only sell ethereum below 498.59.


Only sell ethereum below 498.59.

Wave Analysis

Perfectly as we forecasted last week, Ethereum rallied intensely to the lower side but failed to breakout below 498.59. We expect the rebound from the hourly support level 498.59 to have marked the end of the immediate impulsive wave (v) that the current upwards rally is a corrective rally but should not breakout above the upper trend line. Should the price break 498.59, then we expect the impulsive wave (v) to extend further to the lower side and should break below 472.00 but should not go beyond 400.00.

Trade Recommendation.

Only sell ethereum below 498.59.

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