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