sell on a bounce from the 152 SMA | 15 August 2018

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.

sell on a bounce from the 152 SMA

!Attention!

All bonus participates in drawdown!

More detailed…