Technical crypto analysis based on breakout – BUY a breakout above $670.71


BUY a breakout above $670.71

Technical Observation

After break below $670.71, ETH is now showing signs of rising again above this level, As it is on the daily chart, I advice inclined buyers to wait a buy a breakout above $670.71 and have their targets at $960.90, however, in case of a bounce from $670.71, then I expect sellers to come in massively, and I’d advice sellers to look for short positions with their take profits at $348.90. This bearish rally is highly expected, however, while the price is still above the remaining two Simple Moving Averages (14 and 52), its good and safer to look for long positions.

Trade Signal.

BUY a breakout above $670.71 towards $960.9

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