Analysis of ETHUSD 11.06.2018

Analysis of ETHUSD 11.06.2018

Ethereum / Dollar BITFINEX:ETHUSD


The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 499.00
• Take Profit Level: 410.00 (8900 pips)

If the price rebound from support level , you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 565.00
• Take Profit Level: 570.00 (500 pips)