Technical crypto analysis based on breakout – Bulls still dominating

ETH –

Bulls still dominating

Technical Observation

The three Simple Moving Averages (14, 52, 152) continues to keep price above them, perfectly as I forecasted on my previous analysis, Unless there’s a clear breach below the three simple moving averages, especially the 152 SMA, I expect further surge to the upper side with my take profit being $1,551.00. On it’s way to the upper side, the key lines to look for include $654.21, $742.21, $842.10, and $1,213.01. If these lines are broken, then I expect a spike upwards towards $1, 551.00 and should break higher. As it is, I only advice looking for long positions with ultimate take profit at $1,551.00.

Trade Signal.

Long ETH now towards $742.21

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