Elliott waves crypto analysis – We’re short from the upper trendline

ETH –

Wave Analysis

Not much happening on this crypto, the corrective wave (iv) continues to rally to the upperside but is still below the resistance trendline. During this day and in the next few days, we expect the corrective wave (iv) to extend further to the upperside and should bounce from the upper trendline where we’ll be looking to sell the lasty impulsive wave (v) to the lowerside with an ultimate target at 212.40. This view can only be invalidated in case the price breaks above the upper trendline. If this is the case, then a rally further upwards is expected.

Trade Recommendations:

We’re short from the upper trendline

101% Double the volume

You may check other analytical reviews on FreshForex website. Source: freshforex.com.