Short within 205.50-201.76 | 11 September 2018

Technical observation

A breakout was seen when price went down a support zone 205.50-201.76 with a big red candle, it then retraced to the just broken zone but could not penetrate above it and was contained before rallying donw.Currently ETH is pulling back to the same zone and my expectation is for a rejection of price within it followed by bearish momentum towards 184.66 and a possible breakout below 184.66 for a further decline in price. My advice, wait for the correction to the above mentioned zone then short ETH within it with your take profit at 184.66 and stop loss around 216.61.Only short positions can be recommended.

Trade signal

Wait for retracement to 205.50-201.76 to short Ether.

101% Double the volume

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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.