Elliott waves crypto analysis – Buy Ethereum above 705.37


Wave Analysis

The corrective three wave cycle continues to rally to the lowerside but is still above the immediate supportive trendline. As long as the price is contained above this trendline, this is a good buy place. However, instead of going long now, we’re waiting for a sign that the corrective three wave count is over, so that we pick a low risk buy position with an ultimate target at 834.00. The best place to buy this crypto is either upon a rebound from the lower trendline, or upon a break above 705.37, either way, your take profit should be above 834.00.

Trade Recommendations:

Buy Ethereum above 705.37 with your take profit at 834.00.

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