Elliott waves crypto analysis – As long as the price remains below 410.74, w expect a possible momentum to the lowerside.

ETH –

As long as the price remains below 410.74, w expect a possible momentum to the lowerside.

Wave Analysis

During the previous trading day, Ethereum rallied massively to the lowerside and even broke out below the the 4 hour support level 410.74 and is still pretty much below this level, as long as the price remains below this level, we expect a possible momentum to the lower side. The anticipated bearish price rally will be the continuation of the previous five wave cycle and should go beyond 364.44. If this is the case, then we’ll expect a spike to the lowerside with an ultimate target around 321.00.

Trade Recommendation:

As long as the price remains below 410.74, w expect a possible momentum to the lowerside.

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