Elliott waves crypto analysis – We’re short towards the supportive trendline.

ETH –

We’re short towards the supportive trendline.

Wave Analysis: Since the beginning of this month, Ethereum has been on a constant downtrend and is still pretty much bearish both on the 4 hour and weekly charts, as long as the price remains below the resistance trendline and also below 363.22, we expect a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (E) and should break below the lower supportive trendline. If you’re not already in a short position, you can still look for a sell order now. Trade Recommendations: We’re short towards the supportive trendline.

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