Technical crypto analysis based on breakout – Remain long


Remain long

Technical Observation.

Since Friday last week, BTC went above the three Simple moving averages and is still rallying above them, While the price is still contained above these lines and also above a key line $7,547.55, I expect a momentum to the upper side. On its way upwards, the key lines to look for include $7,874.04, $8,247.80, and $10,214.21. If these lines are breached, then I expect a momentum towards last years highest high. Sell positions will only be advised in case the price breaks below $7,547.56.

Trade Signal.

Remain long towards $7,874.06.

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