Wait for a correction to 202.06. | 14 September 2018

Technical observation

Ether could not penetrate below the support 168.69 and was rejected. Right now it is pulling back to the resistance 202.06 and my expectation is a clear breakout of price above the line or a rejection of it at the line for possible downwards movement of ETH towards 168.69 followed by a breach below it for a further decline in price. Wait for the pullback to 202.06 then short ETH at it with your take profit at 168.69 and stop loss around 219.68. Should there be a breach above 202.06 with a big green candle, wait for a correction to confirm a possible rise in price towards the resistance 262.02 before you pick long positions.

Trade signal

Wait for a correction to 202.06.

101% Double the volume