Elliott waves crypto analysis – We’re short towards 387.10

ETH –

Wave Analysis

From may this year, Ethereum has been trading within the falling wedge formation and is still pretty much within this shape formation. Just recently, the corrective wave (4) rallied higher but failed to break above the upper trend line, as long as this trend line protects the upper side, we expect the rebound from this trend line to have marked the end of this correction, that the current bearish price rally is the continuation of the impulsive wave (5) to the lower side and may breakout below 387.10 but should not go beyond 250.00.

Trade Recommendations:

We’re short towards 387.10

101% Double the volume

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