Elliott waves crypto analysis – You may sell ripple now


You may sell ripple now

Wave Analysis

After an unprecedented decline below 669.37, Ethereum is not showing any signs of rising again above this level. As long as the price remains below this level, we expect a possible rally to the lower side. The anticipated bearish price rally will be the continuation of the impulsive wave (c) to the lower side and may break below 500.20 towards 421.00 or even lower. This view can only be invalidated in case the price breaks above 569.39 and most importantly above the upper trend line, this being the case, we’ll expect a rally upwards.

Trade recommendation.

You may sell ripple now but have your take profit at 500.30

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