Elliott waves crypto analysis – Wait for a correction to pick a long position.

ETH –

Wait for a correction to pick a long position.

Wave Analysis

For a very long time, Ethereum has remained within the falling channel but is still above 467.09. However, yesterday, the price went above the upper trend line, acting as the resistance to the falling channel, and is still pretty much above this trend line. As long as the price remains above this trend line, we expect a possible momentum to the upper side, you could wait for a correction to the just broken trend line to pick a long position with the first take profit at 613.60, second take profit at 735.10 and the next at 823.60.

Trade Recommendations:

Wait for a correction to pick a long position.

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