Buy ETH on a rejection from $669.62 | 07 March 2018

Technical Observation:

ETH continues to loose ground in spite of yesterday's analysis that it could rise. I key daily support is at $669.62, unless the price is clearly bouncing from this support, chances of falling now and the coming few days are very high. And also, unless the price clearly breaks out below $669.62 with a big red candle, I remain hesitant to short this Crypto. Instead, I'll be patiently waiting for a rejection from $669.62 to buy ETH with my first take profit at $936.86, and the next take profit at $1393.69. A breach below $669.62 will push the price to the lower towards $507.55.

Trade Signal.

Buy ETH on a rejection from $669.62 with first take profit at $936.86 and the next at $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.