Short ETH now | 27 March 2018

Technical Observation

ETH is currently trading with an increasing bearish momentum. Yesterday, Ether' remained perfectly below the three simple moving averages, (14,52, 152) and is not showing any signs it could rise above them. Unless there's a clear bullish breach above the 152 MA, I expect further surge to the lower side. On the way downwards, the key lines to look for include $435.65, $355.12 and $132.00. If these line are breached, then I'll expect further bearish rally towards $100.00 or lower to $52.000. As it is on the hourly chart, I advice looking for short orders now.

Trade Signal.

Short ETH now towards $132.00

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.