ETHEREUM | April 3, 2018 | Tech News


Bull case:
Our target is the $493 – $530 range, but this seems
unlikely. Technical analysis doesn’t support this claim, all indicators are
pointing towards a bearish future. The only bullish sign is the fact that the
Tenkan-Sen happens to be at this trading range. Meaning we are currently in
oversold territory, so people may want to bring back to equilibrium
before heading down again.
Bear case:
Stochastic RSI seems to confirm the continuation of the down
trend. Although it isn’t a very strong signal, short term momentum is pointing
downward, which supports this bearish view. Also, the Lagging-Span indicator
shows that past price is not in trading range. Meaning there’s a higher
probability of price dropping with no obstructions. Price may reverse and test
$360, but further slippage may result in $300 levels.

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