Buy ETH at $669.62 | 12 March 2018

Technical Observation

In the recent past, ETH attempted a breach below the daily support line $669.62 but ended up bouncing back perfectly as I had said on my previous day's analysis. Following the recent bullish pin bar that formed above this line, unless $669.62 is clearly broken with a big red candle, I expect a momentum to the upper side with my first take profit at $936.85 and the next at $1393.49. On the other side, if the price should descend below $669.62, then I'll be waiting for a second break below $507.55 to confirm a possible rally towards $244.30.

Trade Signal.

Buy ETH at $669.62 with take profit at $1393.69 and SL below 507.55

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.