ETH –
Technical Observation
The previous day’s candle is a perfect Bullish pin bar touching a the 14 Simple Moving Average. Unless there’s a breach below this SMA and most importantly $593.70, I expect a surge to the upper side. A good sign that the price will continue upwards will be a break above the $685.11 or a break above the 152 Simple Moving Average. In each case, I expect a spike upwards, on its way to the upper side, the key lines to look for include $960.90, $1,205.70, and $1,387.50. If these lines are breached, then expect a rally towards $3.125.
Trade Signal.
Buy ETH above $685.11 towards $1,387.50
You may check other analytical reviews on FreshForex website. Source: freshforex.com.