Unless there's a clear breach above $670.71, expect a rally to the lowerside | 26 April 2018

Technical Observation

Recently, ETH failed to sustain the break above $670.71, instead, it crashed again below it after an attempt break above. This is a potential sign that sellers are still in this market, therefore, unless there's a clear break above $670.71, again with a big green candle, I expect a surge to the lower side with my take profit being $348.90. The best time to buy ETH is when the price breaks above $670.71, and most importantly above the larger Simple Moving Average 152, if this is the case, then a surge towards $960.90 is expected.

Trade Signal.

Unless there's a clear breach above $670.71, expect a rally to the lowerside.

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.