Technical crypto analysis based on breakout – Sell Ether towards $406.45.

ETH –

Technical Observation

Yesterday, my stop was taken out when the price went below three SMAs. That the price went below the three simple Moving Averages is a clear sign that the price will continue to the lower side. And as I stated few months ago, while the price is below these SMAs, I expect a surge to the lower side with my ideal take profit being $406.45. If this support is broken, then I’ll expect further momentum towards $321.00 or even lower. On the other hand, I will consider a buy position should price break above $463.96.

Trade Signal.

Sell Ether towards $406.45.

101% Double the volume

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