Short Ether below $406.10. | 16 July 2018

Technical Observation

Ether is still rallying below the three SMAs 14, 52, 90. While the price is contained below these three, I expect a surge to the lowerside. Today, I expect a scenario where Ether could rally within a tight range, not going above $461.90 or below $406.10. However, should these lines be broken, then I'll enter a trade depending on the direction of the breakout. But as it is, I highly expect break below $406.10 to confirm a possible rally further to the lowerside and may break below $350 towards $300.00.

Trade Recommendations:

Short Ether below $406.10.

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.