ETH –
Wave Analysis
In the immediate past, Ethereum rallied higher and even went above the upper trendline, acting as a resistance to the falling channel, and is still pretty much above this trendline. Other than the fact that the price went above this trendline, Ether also brokeout above a key 4 hour support level 467.09. As long as the price remains above the upper trendline and also above the support level 467.09, we expect a steady move to the upperside and should break above 548.70 but should not go beyond 823.15. This view can only be invalidated in case the price breaks below 440.34, if this is the case, then we’ll expect a rally to the lowerside with an ultimate target at 411.30.
Trade Recommendations:
We’re long towards 823.15
101% Double the volume
!Attention!
All bonus participates in drawdown!
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