Short ETH now towards $251.21. | 30 March 2018

Technical Observation

Ether' is currently rallying with an increasing bearish momentum. Earlier this month, the 152 Simple Moving Average went above the other two simple moving averages (14, 52) and is still rallying above them, Unless the price clearly breaks above these three moving averages, I expect the price of Ether' to plunge lower with my take profit being $251.21, if this take profit is take out, then I expect further bearish momentum towards $100.23 and may break lower to somewhere below $50.00, As it is, I can only advice looking for short positions towards $251.21.

Trade Signal.

Short ETH now towards $251.21.