Ether is slowly edging towards my stop loss fixed below $593.70 but is still above the daily support line $670.71, this is a key line and unless the price clearly breaks below it with a big candle, I hold onto my previous long position. However, should it be breached, then, I expect a plunge towards the 152 Simple Moving Average. It is only when this SMA is breached that I’ll consider looking for a low risk sell opportunity towards $348.80. On the other side, while the price is above the 152 SMA and also above $670.71, then I still anticipate a possible gain towards $942.80.
Still buying Ether unless the price is below the 152 SMA
You may check other analytical reviews on FreshForex website. Source: freshforex.com.