Technical crypto analysis based on breakout – Sell Ether from $410.16.


Technical Observation:

The Overal trend on this crypto is downtrend. The fact that the price is below the three Simple Moving Averages and also below the hourly support level 410.16, I expect a spike to the lower side with an ideal take profit at $300. ON its way to the lower side, the key lines to check for include $390.1, $375.0 and $352. If these lines are broken, then a steep drop towards $300 is the next ideal move. On the upperside, I’m waiting for price to breakout above the three simple moving averages to pick a long position.

Trade Signal.

Sell Ether from $410.16.

101% Double the volume

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