short towards $359.50 | 01 August 2018

Technical Observation

ETH is again below the three Simple Moving Averages (14,52, 152). As I stated some months ago, while the price is below these three, I expect a surge to the lower side with my first take profit at $359.50. If this take profit is broken to the lower side, then this will be another good place to look for long term short positions towards $321.00. As it is on the 4 hour chart, only sell positions looks more ideal. However, should price break above $493.90, then I'll expect a surge to the upper side towards $820.40.

Trade Signal.

short towards $359.50

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.