Elliott waves crypto analysis – Resell etherum around 589.17


Resell etherum around 589.17

Wave Analysis

Ethereum continues to gain value but is still below the upper resistive trend line and also below the 589.37 handle. As long as these two, trend line and 589.37 handle, continues to protect the upper side, we expect a possible rise towards 589.37, then a rebound to pick a low risk sell position with an ultimate target at 334.00. This view can only be invalidated in case the price break above 589.37, if this is the case, then we’ll expect a possible rally upwards and may go beyond 706.37 but should not go beyond 824.50.

Trade Recommendations:

Resell etherum around 589.17

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