Buy ETH around $669.62 | 08 March 2018

Technical Observation:

ETH is currently trading with an increasing bearish bias. The price is approaching a key support seen at $669.52, which is my buyers line. As it is, I choose to remain flat for sometimes and wait for a rebound from the daily support $669.62 then Buy ETH towards 1393.49. If the price should breach this support with a big red candle , then I'll wait for a pullback to the just broken line to short ETH with my first take profit at $507.55 and the next at $244.30. But, while the price is above the support $669.52, only long positions looks more appealing with the first take profit at $936.86 and the next at $1393.49.

Trade signal:

Buy ETH around $669.62 with your 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.