Long ETH now with stop loss below $362.50 | 12 April 2018

Technical Observation

After successfully retaining price above them, the three Simple Moving Averages (14, 52, 152) are not showing any clear indications that they will get above price in the near future. Unless there's a clear swap in places between the SMAs and price, I highly expect a rally to the upper side. On it's way to the upper side, the key lines to look for potential reversals include $55.50, $626.00, $714.00 and $812.00. If these line are breached, then I expect a surge towards $1,500.00 and may breakout higher.

Trade Signal.

Long ETH now with stop loss below $362.50 Take profit at $626.00

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.