Wait | 07 September 2018

Technical observation

Just like BTC this crypto is also pulling back to the just broken key support line 256.34,I expect nothing but a rejection of it at the line followed by possible bearish momentum towards 208.53.Should there be no rejection at 256.34 and instead a clear breakout above it with a big green candle, wait for a correction to it to confirm possible bullish movement of price before you pick long position towards 299.63.Right now wait for a correction to 256.34 then sell ETH at or around it with your take profit at 208.53 and stop loss around 270.64.Continue short after a clear breakout below 208.53 and a pullback to it.

Trade signal

Wait for a correction to 256.34.

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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.