Technical crypto analysis based on breakout – Remain long in ETH towards $734.80


Remain long in ETH towards $734.80

Technical Observation

Ether’ is currently trading with an increasing bullish bias momentum. As I said earlier this week, ETC went above $489.80 handle and is showing potentials of rallying even higher. Thus, while the price is contained above the three simple Moving Averages (14, 52, 152), I expect a spike to the upper side. On its way upwards, the key lines to look for potential reversals include $614.60, $718.40, and $895.00. If these lines are perfectly breached to the upper side, then I’ll expect further bullish momentum towards $1,532.00 and may extend higher.

Trade Signal.

Remain long in ETH towards $734.80

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