Only buy A break above $670.71 | 01 May 2018

Technical Observation

After a first failed attempt to break above $670.71, ETH pulled back to the same line and could not go any higher. Unless there's a clear break above $670.71, and most importantly above the 152 Simple Moving Average, I still expect a possible rally to the lower side, however, if the buyers can break above $716.10, then I certainly expect a surge towards $960.90 or even higher towards $1387.50. On the contrary, while the price is below $670.71, I'm waiting for a break below the 14 and the 52 Simple Moving Average to short ETH towards $287.70.

Trade Signal.

Only buy A break above $670.71 towards $960.90.

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.