Short ETH now towards $135.11 | 29 March 2018

Technical Observation

Just as the previous trading day, Ether' is still rallying below the three simple moving averages (14, 52, 152). Unless there's a clear break above the three SMA and most importantly above the 152 SMA, I expect a surge to the lower side. ETH should continue to plunge and may break below $410.00 towards $231.21. On its way to the lower side, the key possible reversal lines include $390.72, $229.41, $135.11 and $40.02. It is when these lines are breached that Ether' will be better fo buying. As it is, only short positions looks more ideal.

Trade Signal.

Short ETH now towards $135.11

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.