look for a buy position | 28 August 2018

Technical Observation

Ether is currently trading around 285.88, A few pips above the three Simple Moving Avarages, As I mentioned few days ago, while the price is above the three SMAs, I expect nothing but a possible rise towards 475.90. On its way upwards, the key lines to look for include 337.00, 371.81, and 418.00. If these lines are broken, then further momentum towards 475.90 is expected. On the other side, only a clear breakout below 256.00 will attract a long term short position with an ideal take profit at 244.00.

Trade Signal.

look for a buy position

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.