Technical crypto analysis based on breakout – Look for buy position

ETH –

Technical Observation

After breaking above the three Simple Moving Averages 14, 52, 90, Ether is yet to show any clear moves to the upper-side. While the price is above the three SMAs, I expect a surge to the upper side with my ideal take profit at $685.10. On its way to the upper side, the key lines to check for include $540.20, $619.30, and $672.20. If these lines are breached then the price will continue upwards towards $685.10. As it is on the hourly chart, I can only advice looking for a long position. I will only consider a sell position should the price break below 407.90.

Trade Signal.

Look for buy position towards $685.10.

101% Double the volume

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