ETH –
Wave Analysis
For an entire week, Ethereum has been trading within a large range, not going below 709.37 or above 891.04, as long as the price does not clear break above this range formation, we’re only interested in trading reversals. On the 4 hour chart above, we’re waiting for a pullback towards 709.97 to pick a long position with an ultimate target at 891.84. The anticipated bullish price rally will be the continuation of the previous impulsive wave (c) to the upper side and may break above 891.84 towards 1000.00.
Trade Recommendations:
Rebuy Ethereum around 709.37 towards 891.84.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.