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You can rebuy ETH around 669.42 | 22 February 2018

22 February 2018, ETH

You can rebuy ETH around 669.42

Technical Observation:
According to the daily chart above, I keep a close eye on two main lines 669.42 and 1393.06. a short term resistance can be seen around 934.08, a breach above it will culminate into a possible rally towards 1393.05 or higher. As it is on the daily chart, this short resistance held price below it, and now, bears are taking charge. I expect the price to plummet further with my take profit fixed at 669.62. You could look for a short position now, alternatively, you could wait to rebuy ETH upon a pullback towards 669.62. If you went long at 669.62, just leave this position open.
Trade Signal.
You can rebuy ETH around 669.42 with your take profit at 1393.09

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Imelda Maseno
Analyst of «FreshForex» company
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