Technical crypto analysis based on breakout – Long ETH towards $1,387.50


Long ETH towards $1,387.50

Technical observation

ETH is currently trading with an increasing bullish momentum. As i said in the earlier forecast, the value of this crypto rose significantly and even went above the daily resistance line $683.11 and most important above the 152 Simple Moving Average. Unless there’s a break below these two, the 152 SMA and $683.11, I expect the value of ETH to spike upwards with my first take profit being $$960.90, and the next at $1,387.50. Should the price go below the 152 SMA, then I’ll wait for the next break below $670.71 to confirm a rally towards $348.90.

Trade Signal.

Long ETH towards $1,387.50

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