Elliott waves crypto analysis – Wait for a slight pullback towards 581.93

ETH –

Wait for a slight pullback towards 581.93

Wave Analysis

Durin the previous week, Ethereum rally higher and even went above the hourly resistance level 581.33 and is still pretty much above this level. As long as this support protects the lower side, we expect a possible momentum to the upper side, the anticipated bullish price is the continuation of the impulsive wave (c) to the upper side and should break above 665.50 towards 700.00. If you’re not long already, you could wait for a pullback to the lower side, 581.93 to pick a low risk long position with your take profit being 785.00.

Trade Recommendations

Wait for a slight pullback towards 581.93 then pick along position towards 785.00

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