Technical crypto analysis based on breakout – Short Ether towards 378.00



Technical Observation

just as in BTC, Ether spiked lower, thereby breaking below the three Simple moving Averages (14, 52, 90), this is a sign that the price will continue to the lowerside. Thus, if you’re not already in a short position, I expect a momentum to the loweerside. I expect the price to break below this year’s lowest low $378.00 and could move lower. On its way to the lowerside, the key lines to look for include $524.45, $476.60 and 378.00. If these lines are clearly breached, then the price could head lower towards $200.00.

Trade Signal.

Short Ether towards 378.00

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