Remain flat | 03 September 2018

Technical observation

ETH Is currently trading with an increasing bullish momentum, I expect a rise to 305.48-302.78 and a rejection within it for possible bearish momentum towards 262.29.Remain flat temporarily and wait for a rejection within 305.48-302.78 then short ETH within it with your ideal target at 262.29 and stop loss slightly above 305.48.In case of a breach below 262.29,wait for a correction to it before you continue short with ETH.Long positions may only be recommended in case of a clear breakout above the zone 305.48-302.78 with a big green candle followed by pullback to it and a rejection within it towards the resistance 363.95.

Trade signal

Remain flat.

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