Short ETH now | 23 March 2018

Technical Observation:

Since May 2nd, Ether' has been trading with an increasing bearish bias. And has remained below the 152 simple moving average. Yeseterday, the 152 moving average swap below the 52 simple moving average but is still above the 14th simple moving average. Unless there's a clear cross below the 14th moving average, XRP is still in a clear downtrend. With that idea on the picture, I advice looking for a short position now towards $440.52 and should break to the lower side towards. On the way to the lower side, the key lines to look for include $470.10, $439.50 and $420.55.

Trade Signal.

Short ETH now towards 440.50

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.