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