Short Ether towards 378.00 | 11 June 2018

Technical Observation

just as in BTC, Ether spiked lower, thereby breaking below the three Simple moving Averages (14, 52, 90), this is a sign that the price will continue to the lowerside. Thus, if you're not already in a short position, I expect a momentum to the loweerside. I expect the price to break below this year's lowest low $378.00 and could move lower. On its way to the lowerside, the key lines to look for include $524.45, $476.60 and 378.00. If these lines are clearly breached, then the price could head lower towards $200.00.

Trade Signal.

Short Ether towards 378.00

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.