Sell Ether towards $406.45. | 11 July 2018

Technical Observation

Yesterday, my stop was taken out when the price went below three SMAs. That the price went below the three simple Moving Averages is a clear sign that the price will continue to the lower side. And as I stated few months ago, while the price is below these SMAs, I expect a surge to the lower side with my ideal take profit being $406.45. If this support is broken, then I'll expect further momentum towards $321.00 or even lower. On the other hand, I will consider a buy position should price break above $463.96.

Trade Signal.

Sell Ether towards $406.45.

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.