Elliott waves crypto analysis – Wait for a sell around 569.37


Wait for a sell around 569.37

Wave Analysis

Yesterday, Ethereum gained significantly, but is still below the hourly resistance level 569.37. We’re still within our sellers territory and unless the price clearly violates this hourly level with a main candle, chances are that we’re still continuing short. Thus, our expectations is that the price should rally upwards, but should rebound from 569.37, where we’ll be looking for a potential sell order. But, should the price violate 569.37, then we’ll consider a long term long position with an ultimate target at 705.37.

Trade Recommendations:

Wait for a sell around 569.37 towards 500.20

101% Double the volume

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