In my last update of ethereum on 14/06/2017 i.e. (https://steemit.com/ethereum/@jimmyrai28/ethereum-update-14-06-2017-correction-in-the-horizon) , I have made an prediction on correction in prices of ETHEREUM and that correction did happen, briefly though but in its brief correction it touched almost $250 from $380 thats more than $260 move as it recovered very quickly and gain setteled above 10 day EMA which is red wavy line in above chart.
Such moves are played very well by professional traders, but naive traders often find themselves in jeopardy in such moves. So here a tip to short this script which I like to share with you; Do you see that blue rectangle box i marked in chart above, I want you to take note of that RED WAVY LINE which is 10 DAY EMA, as soon as this stock starts to trade below that , that is a time to short this script, with little stop loss above 10 days EMA.
And why i am still recommending to short this script ? reason is in chart below, which is a weekly chart of ETHEREUM. In this chart one clearly notices how RSI indicator in bottom of chart is heated up and is still in extreme over bought condition. This indicator improves just slightly after yesterday wack.
So, in summary I just want you to look for taking short position in ETHEREUM with the help of tip a shared with you and I still not recommending to enter this script with fresh long positions.
If you like my analysis do upvote, follow, comment
if not then criticize, this also will be highly appreciated.
You can also drop a comment in 'reply' if want you want me analyze any script of your choice.