Elliott waves crypto analysis – Wait for a sell along the upper trendline.

ETH –

Wait for a sell along the upper trendline.

Wave Analysis:

Ethereum is now trading within a contracting triangular formation. If you didn’t buy this crypto on the recent bounce from the supportive trend line, you can wait for another bounce. But from the look of the current chart set and structure, we won’t recommend looking for buy positions, rather, we advise looking for sell positions, the overall trend on this Crypto has been downward for the better parts of this year, and chances of continuing to the lower side are very high. Thus we recommend looking for short positions after a bounce from the upper trend line.

Trade Recommendations:

Wait for a sell along the upper trendline.

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