ETH –
Wave Analysis
After breaking above the short term resistance level 465.51, Ethereum has remained above this level and is still along a supportive trend line. Despite the fact that, we expect a possible momentum to the upper side, we’re waiting for a pullback towards 461.61 to rebuy the impulsive wave (c) to the upper side but should not go beyond the hourly resistance level 583.83. This view can only be in invalidated in case the price ends up breaking below 460.61, this being the case, we’ll expect a possible momentum towards 363.48.
Trade Recommendations:
Rebuy Ethereum around 460.81 towards 583.83
You may check other analytical reviews on FreshForex website. Source: freshforex.com.