Technical crypto analysis based on breakout – Ether is trading with a neutral bias

ETH –

Technical Observation

Ether is currently rallying with a neutral bias. Yesterday, a rise in momentum aw the price move intensely upwards but could not rise above the three SMAs, 14, 52, 90. The Best place to pick a position is when the price is above the three SMA. and As it is on the hourly chart attached, price is below the three and is not showing any clear signs of breaking above them. This crypto has picked momentum in the recent past and chances of continuing upwards are still very high. Thus, with that in mind, I’m waiting for a break above the three, to confirm a rally further upwards.

Trade Signal.

Buy Ether upon the three SMAs

101% Double the volume

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