Technical crypto analysis based on breakout – Long ETH now towards $738.80

ETH –

Long ETH now towards $738.80

Technical Observation

Ether’ is currently trading with an increasing bearish momentum. ETH continues to rally above the three simple Moving averages (14, 52, 152) and is not showing any signs of going below them. Unless there’s a clear breach below the three, especially the 152 SMA, I expect a surge to the upper side. In case of a breach below the 152 SMA, then I’ll need a confirmation that the price will continue to the lower side with my take profit being $365.00. As it is on the hourly chart, I choose to remain long with my take profit still fixed at $738.80.

Trade Signal.

Long ETH now towards $738.80

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