Technical crypto analysis based on breakout – Place a pending buy limit order at $555.98

ETH –

Place a pending buy limit order at $555.98

Technical Observation

Ether is currently trading with a neural bias. Yesterday, the value of Ether touched a key daily support line $555.98 but failed to penetrate below it. This is a potential buy place and as long as it is not breached to the lower side with a big red candle, I expect a long term buy around this line with my take profit at $670.71. Though this upward rally is highly anticipated, the idea is not to buy this crypto now, you could place pending buy limit around $555.98 with stop loss below the previous day’s lowest low and take profit at $670.71.

Trade signal:

Place a pending buy limit order at $555.98 take profit at $670.71.

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