ETH –
Wave Analysis
Just as in the Bitcoin, Ethereum also reduced in the upward momentum it gained few days ago, and is currently heading towards a 4 hour support level 591.80. As long as this support is not broken to the lower side, we’re waiting for a long term long positions around this place to buy this crypto with my target at 738.32. The anticipated upward rally are merely the continuation of both the impulsive waves (v) and (c) and should break above 736.32 towards 1001.80 or even higher. If you’re not already long, you could remain flat and re buy this crypto around 581.83 with the first target at 736.77 and the next at 971.22.
Trade Recommendations:
Rebuy Ethereum around 581.83 towards 736.22
You may check other analytical reviews on FreshForex website. Source: freshforex.com.