Technical crypto analysis based on breakout – Bears still in control

ETH –

Bears still in control

Technical Observation

Ether is trading with a bearish bias momentum. As I said earlier, Ether continued to the lowerside and even went below $463.96. Perfectly in line with my other forecasts, while the price is below these lines I expect a momentum to the lowerside with the next ideal take profit at $407.10. I highly expect this downward rally since the price is below the three Simple Moving Averages (14,52,90) and while the price is contained below these lines, I expect a steep decline in value with my take profit at $350.00.

Trade Signal.

Sell Ether now

101% Double the volume

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