Sell Ether towards $406.70 | 10 July 2018

Technical Observation

ETH is currently trading with an increasing bearish bias. Yesterday, Ether rallied lower and even went below the hourly support line $463.96, and even most important, the price went below the three SMAs, and is still below these lines, while the price is contained below this two, I expect an acceleration to the lower side with an ideal take profit at $426.70. While the price is contained below these three, SMAs and $463.96, I expect a surge downwards. Conservative traders should wait for pullbacks to short Ether towards $406.70.

Trade Signal.

Sell Ether towards $406.70

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.