sell on a bounce from the 152 SMA | 15 August 2018
15 August 2018, ETH
Technical Observation:
Despite the correction to the upper side, ETH is still below the 152 Simple Moving Average. And As I said previously, while the price is below this SMA, I expect a possible rally to the lower side. You could wait for a perfect correction towards the 152 Simple Moving Average then pick a long term short position with an ideal take profit at 245.20. Should the price rise above this sma, then I'll wait for another breakout above the line 328.00 then pick a long term long position towards last years highest high. Alternatively, wait and sell a break below 265.60.
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.
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Imelda Maseno
Analyst of «FreshForex» company
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