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Buy ETH at $669.62 | 12 March 2018

12 March 2018, ETH

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

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Imelda Maseno
Analyst of «FreshForex» company
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