Wait for a correction | 25 September 2018

Technical observation

Just like BTC, this crypto too could not be contained above a supportive zone 230.58-227.84 and so it broke below it with a big red candle and is still rallying below it. I expect a correction to the zone followed by a rejection of price within it for possible downwards movement of Ether towards the supportive line 193.24 and a possible breach below it for a further decline. My, advise, wait for the correction to 230.58-227.84 then short ETH within it on the second retracement to it just to ensure this breakout is not false. You can buy ETH within the above mentioned in case this was a false breakout and price rises above it again.

Trade signal

Wait for correction to 230.58-227.84 to trade Ether.

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.