Short ETH towards $425.90 | 28 March 2018

Technical Observation:

In the recent past, Ether' the three simple moving averages (14, 52, 152) attempted a cross over, but ended up remaining in the exact same spot, with the 152 MA above and the 14 MA remaining on the lower side. This is a potential bearish dominance sign and while the price remains below these three, I expect a surge to the lower side. On it's way to the lower side, the key lines to look for include $425.90, $235, $153.00 and $90.00. Any clear bounce from these lines may call for long positions, however, as it is, only short positions looks more ideal.

Trade Signal

Short ETH towards $425.90

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.