Technical crypto analysis based on breakout – Take profits around $942.08


Take profits around $942.08

Technical Observation

Ether has been making higher lows, and even after a break above $670.71, ETH pulled back to the same line, but the sellers ended up being exhausted. I went long precisely around this line $670.71 and is still holding on to this position, my expectations is that the price should continue upwards and should break above $942.08 towards $1,362.08. If the last take profit is breached, then the price will continue upwards towards $1,510.00. As it is on the daily chart, only long positions looks more ideal, however, should the price break below $670.71, then I may consider short positions towards $348.90.

Trade Signal:

Take profits around $942.08

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