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Long ETH towards $626.00

16 April 2018, ETH

Long ETH towards $626.00

Technical Observation

As I stated on the Friday's analysis, Ether' has been rallying with an increasing bullish momentum and may extend higher. This upward rally is highly expected since the the price has remained above the three simple Moving Averages and while the price remains above them, I expect a surge to the upper side. On it's way to the upper side, the key lines to look for include $571.50, $626.00 and $714.00. If these lines are broken, then the price will continue upwards towards $1,500.00 or even higher. As it is, only long positions will continue upwards towards $626.00.

Trade Signal.

Long ETH towards $626.00

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Imelda Maseno
Analyst of «FreshForex» company
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