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Flat | 09 April 2018

09 April 2018, ETH

Flat

Technical Observation

Remaining neutral on this Crypto currency seems more appealing than taking any position. So far, since the beginning of this year, ETH has been rallying with an increasing bearish momentum, and recently, the price began to go above and below the three Simple Moving Averages (14, 52, 152) irregularly, and even though I forecasted a possible drop in value, ETH is likely to gain some value before taking on the bears side.Thus, Unless there's a clear buying indication on this Crypto, I choose to remain bearish on ETH.
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Imelda Maseno
Analyst of «FreshForex» company
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