Technical crypto analysis based on breakout – Sell Ether towards $400.00


technical Observation

Ether is currently trading with an increasing bearish momentum. Last week, Ether retraced slightly to the upper side but is still below three simple moving averages (14, 52,152). As I said earlier last week, unless the price clearly breach the three SMAs, i expect the further of Ether to plummet further and should first break below $453.30 before a move to the lower side is seen. As it is on the hourly chart, I’m waiting for a break below $453.30 to confirm a possible rally towards, if you’re not already short, you may wait and sell below $453.30.

Trade Signal.

Sell Ether towards $400.00

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