Technical crypto analysis based on breakout – Unless there’s a clear breach above $670.71, expect a rally to the lowerside

Byadmin

Apr 26, 2018

ETH –

Unless there's a clear breach above $670.71, expect a rally to the lowerside

Technical Observation

Recently, ETH failed to sustain the break above $670.71, instead, it crashed again below it after an attempt break above. This is a potential sign that sellers are still in this market, therefore, unless there’s a clear break above $670.71, again with a big green candle, I expect a surge to the lower side with my take profit being $348.90. The best time to buy ETH is when the price breaks above $670.71, and most importantly above the larger Simple Moving Average 152, if this is the case, then a surge towards $960.90 is expected.

Trade Signal.

Unless there’s a clear breach above $670.71, expect a rally to the lowerside.