Flat | 04 April 2018

Technical Observation

For almost one month now, Ether' has remained below the three Simple Moving Averages (14, 52, 152), however, yesterday, the price went above all the three and most importantly above the 152 SMA, while the price is above it, I expect a steady rise to the upperside and may break above $740.30. On its way to the upperside, the key possible bounce lines include $471.05, $597.80 and $673.55, If these lines are broken, then I'll expect further momentum towards 724.55. As it is, its good to remain flat and wait for a clear signal.

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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.