Buy ETH above $936.86 | 02 March 2018

Technical Observation:

Yesterday, ETH formed a small bullish pin bar on the daily chart. But so far, no move to the upper side has been seen, instead the price is edging to the lower side. I'm still optimistic that this Virtual currency will continue to gain value and should break above the short term resistance $936.86 towards $1392.69. If this break to the upper side should happen, then I'll be waiting for pullback to the just broken line to long ETH towards $1393.49 or even higher. So far, buyers are still the controlling factors, buyers are above $936.86, $669.62 and above $1393.49 and the sellers are below 669.92. Thus unless the price breaks below $669.92, I'll only be looking for long positions.

Trade Signal.

Buy ETH above $936.86 towards $1393.49

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.