Technical crypto analysis based on breakout – Buy Ether from 408.57


Technical Observation

Ether is currently trading with an increasing bearish bias momentum. Yesteday saw Ether decline in value but is now approaching a key 4 hour support level $409.57. This is a key line and while it holds the price to the upperside, I expect a bounce from it to pick a long position with an ideal take profit at 504.46. If this take profit is taken out, then I expect a surge further with my next take profit at $622.21. Should the price break below $408.57, then I expect sellers to take full control towards $350.0.

Trade Signal.

Buy Ether around $408.57

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