Elliott waves crypto analysis – we’re still selling this Ethereum

ETH –

Wave Analysis

Perfectly as we said few days ago, Ethereum rallied intensely to the lower side and still showing signs of rallying even further lower. We’re eyeing a possible bounce from 409.13 to pick a low risk short position. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should breakout below 239.00 but should not go lower than 200 by the end of this week. This view can only be invalidated in case the price break above 409.13, if this is the case, then we’ll expect a rally to the upper side.

Trade Recommendations:

we’re still selling this Ethereum

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