Elliott waves crypto analysis – You can wait and sell a break below 409.15

ETH –

You can wait and sell a break below 409.15

Wave Analysis:

During the previous trading day, bears dominated this marked. Ethereum lost value against the US Dollar and is still likely to loose further. We’re waiting for a clear break below 409.15 to confirm a possible rally further to the lower side. The anticipated bearish price rally will be an extension to the previous five wave cycle and should break below 300.00 but should not go past the 280 handle. If you’re not already in a short position, you can still look for short positions now, and have your take profit at 393.82.

Trade Recommendations:

You can wait and sell a break below 409.15

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