Long term buyers are waiting around $670.71 | 16 May 2018

Technical Observation

Even after the bullish pin bar seen on Monday, Ether lost value on Tuesday instead of gaining. I expect further loss in value towards $670.71 where I'll be looking for a buy position with my first take profit at $942.68. With that in mind, unless the price clearly breaks below $670.71 with a big red candle, I expect a surge upwards, upon a bounce from the daily support $670.71. On the contrary, should the price break below $670.71, then I'll wait for a retracement to the just broken line to short Ether towards $340.90.

Trade Signal.

Rebuy ETH around $670.71

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.