Short at 201.59 | 10 September 2018

Technical observation

Ether has been trading below a resistance line 201.59 with a previous retracement to it.Price has pulled back to it for the second time and I expect nothing but a rejection of it at the resistance line for bearish movement of ether towards the support 184.66. I’m waiting to pick short position at 201.59 with my take profit at 184.66 and stop loss around 211.54.If price goes below the take profit wait for a correction to is confirming further decline in price before you continue short with ETH. Should there be a clear breach above 201.59, wait for a correction to it of price before you pick long positions.

Trade signal

Short ETH at 201.59 with your take profit at 184.66 and stop loss around 211.54.

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.