Buy ETH around $670.71 | 17 May 2018

Technical Observation

Ether pulled back perfectly towards the daily support $670.71 but failed to penetrate below it, the Wednesday's candle is a perfect buy candle, and unless the price clear penetrates below $670.71 with a big red candle, this is a good opportunity to grab a long term long position with the first take profit at $942.60 and the next at $1,182.09, your stop loss should be placed strategically below $593.70. In case of a break below $670.71, then I advice waiting back to the same line to short ETH towards $348.90.

Trade Signal.

Buy ETH around $670.71 with first take profit at $942.68 and the next take profit at $1,162.09

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.