Ether is upwards | 31 August 2018

Technical Obsertion

ETH is still within the contracting wedge formation. While the price is still within the rising wedge formation, I expect nothing but a possible rise. And should the price breakout above the upper trendline, then this will be a good place to look for a long term long position with an ideal take profit at 347.90. And on the flip side, should the price breakout below the lower trendline, then I'll wait for a breakout below 256.40 to pick a long term short position with an ideal take profit at 200.00 and the next at 150. A good buy place can be seen above 336.50.

Trade Signal :

Ether is upwards

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.