still bearish | 24 August 2018

Technical Observation

ETH is now below the two Simple Moving Avarages, while the price is contained below these two, I expect nothing but a spike to the lower side. You could wait for a clear breakout below 258.60 to confirm further bearish momentum. On its way downwards, the key lines to look for include 240.0, 232.00 and 220.12. If these lines are broken, then further bearish rally towards 200.00 is expected. On the other side,m should the price breakout above 314.60, then this will be a good place to look for long positions.

Trade Signal.

still bearish

101% Double the volume