Elliott waves crypto analysis – We’re long with an ultimate target at 736.222

ETH –

We're long with an ultimate target at 736.222

Wave Analysis

Just as in the Bitcoin, Ethereum has not made any movements towards our target, instead this crypto is stagnating around 635.85. We still expect further momentum to the upper side especially while the price is above the short term resistance level 583.83. As long as the price remains above 583.93, we expect a possible movement to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should break above 736.22 towards 1000.00 even higher.

Trade Recommendations:

We’re long with an ultimate target at 736.22

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