Resell ETH from 400.20 | 22 August 2018

Technical Observation

ETH is currently trading with an increasing bearish bias momentum. While the price is below the two Simple Moving Averages, I expect nothing but a possible rally to the lower side with an ultimate take profit at 320.00. If didn't pick a short position with us previously, you could wait for retracements towards 400.20 to pick a long term short position. On the other side, while this Crypto looks very bearish, a breakout above 400.20 will be an ideal place for buyers to pick long positions.

Trade Recommendations:

Place a pending sell limit order at 400.20

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.