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