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Remain flat | 03 September 2018

03 September 2018, ETH

Remain flat

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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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.
Imelda Maseno
Analyst of «FreshForex» company
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