On the hourly chart, ETH is still rallying below the three SMAs (14, 52, 90). The fact that the price is below the three SMAs, is a clear sign that bearish will dominate this market. Thus, instead of looking for a long position, I choose to hunt for short positions with an ideal take profit at $350.00. So far as it is on the hourly chart, I highly advice looking for short positions, but should the price breaks above the three SMAs, then I’ll expect a momentum to the upper side with the an ideal take profit at 609.00.
Sell ETH towards 350.22.
101% Double the volume
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