ETH –
Wave Analysis
Last week, bulls dominated this market, and even more significant is that the price went above three significant 4 hour resistance levels 460.06, 583.03 and 736.77. As long as the price remains above the 736.77 handle, we expect a possible momentum to the upper side, the anticipated bullish price rally is the continuation of both the impulsive waves (c) and (v) to the upper side and should break above 891.04 towards 991.2 or even higher. This view can only be rendered futile in case the price breaks below 736.77, this being the case, we’ll expect a rally further to the lower side.
Trade Recommendations:
Rebuy Ethereum around 736.77 towards 891.04.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.