Flat | 05 June 2018

Technical Observation

Ether is trading with an increasing bearish bias momentum. Instead of a momentum to the upper side as I forecasted previously, Ether lost part of the value if gained last week, and even went below the three Simple Moving Averages (14, 52, 90). And as I said few weeks ago, while the price is contained below these three, expect a momentum to the lower side. Despite this expectations, instead of going short now, i advice waiting for a break below $511.60 to confirm a possible rally to the lower side.

Trade Signal.

Flat, and only sell Ether upon a breakout below $511.60

101% Double the volume

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.