Look to buy ETH | 16 March 2018

Technical Observation:

Yesterday, ETH closed as a bullish pin bar on the daily chart. This could be treated a sign that the bulls are slowly encroaching this market. Thus, While the price is within $669.62 - $507.55, and most importantly above $507.55, I expect a rally to the upperside. On it's way upwards, the key lines to look for include $669.62, $936.86, and $3393.69. If is when these lines are breached that I'll expect further bullish price action towards $5000.00. On the contrary, should the price break below $507.55, then this will be an ideal place to look for sell trades.

Trade Signal.

Look to buy ETH towards $3393.69

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.