Sell ETH | 09 August 2018

Technical Observation

Ether is currently trading with an increasing bearish bias momentum. Yesterday, ETH dropped significantly and is still very bearish both on the lower and the higher time frames. While the price is contained below the three Simple Moving Averages, 14, 52, 152, I expect a spike to the lower side with an ideal take profit at $311.45. If you're not already in a short position, you can wait for a clear break below $341.45, then pick a short position, with this position, expect a bounce around $342.20, and $320.21.

Trade Signal.

Sell ETH

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