Technical crypto analysis based on breakout – Expect ETH to gain value towards $727.20.

Byadmin

Apr 17, 2018

ETH –

Expect ETH to gain value towards $727.20.

Technical Observation

ETH is slowly getting below the Simple Moving Averages, (14, 52, 152). So far, this crypto has gone below the first two SMAs but still above the third one , 152. Unless there’s a clear breakout below the third SMA, I still expect a possible momentum to the upper side with my take profit at $727.20 and may extend higher towards $1,210.00. On the other side, should price breaks below the 152 SMA, then, I’ll need a confirmation that the price will continue to plummet towards $365.40. A break below $450.60 will be a good confirmation that the price will plummet to $365.40.

Trade Signal.

While the price is above the 152 SMA, I expect ETH to gain value towards $727.20.