Elliott waves crypto analysis – Sell ethereum below 466.32


Sell ethereum below 466.32

Wave Analysis

Ethereum corrected itself significantly to the upper side but is still within the falling channel formation. As we mentioned previously, as long as the price remains within this channel, we expect a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 437.40. If you’re a bit skeptic to pick a sell position now, you could wait for a breakout below 466.35 to confirm a possible bearish momentum. At the moment, buy positions looks a bit risky and may not be recommended.

Trade Recommendation:

Sell ethereum below 466.32

101% Double the volume

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