Elliott waves crypto analysis – Wait for a pullback towards 736.7


Wait for a pullback towards 736.7

Wave Analysis

Yesterday, Ethereum traded massively to the upper side and is still pretty much bullish both on the lower and the higher time frames. Worth noting is that, the price went above the 4 hour support level 736.77 and is still rallying above it. As long as the price is contained above this level, we expect a massive extension to the upper side. The anticipated bullish price rally is the continuation of both the impulsive waves (v) and (c) and and should break above the daily resistance level 977.60 towards 1120.00 or even higher.

Trade Recommendations:

Wait for a pullback towards 736.77 to buy Ethereum.

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