Still buying Ether unless the price is below the 152 SMA | 18 May 2018

Technical Observation

Ether is slowly edging towards my stop loss fixed below $593.70 but is still above the daily support line $670.71, this is a key line and unless the price clearly breaks below it with a big candle, I hold onto my previous long position. However, should it be breached, then, I expect a plunge towards the 152 Simple Moving Average. It is only when this SMA is breached that I'll consider looking for a low risk sell opportunity towards $348.80. On the other side, while the price is above the 152 SMA and also above $670.71, then I still anticipate a possible gain towards $942.80.

Trade Signal.

Still buying Ether unless the price is below the 152 SMA

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.