Short within 303.03-299.63. | 04 September 2018

Technical observation

Ether is currently trading below the resistance zone 303.03-299.63,as mentioned yesterday, while the price is below this zone I expect nothing but a surge to the lower side towards 256.34.ETH is currently rising towards the zone and I expect nothing but a rejection of it within it to pick up short positions with my ideal target at 256.34 and stop loss slightly above 299.63.Should the price breakout above 303.03-299.63 with a big green candle then that would be the best place to look for long term long positions with an ideal take profit at 363.50.Right now I’m looking to short ether within 303.03-299.62.

Trade signal

Sell ETH within 303.03-299.63.

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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.