Technical crypto analysis based on breakout – Buy Ether towards $512.53


Buy Ether towards $512.53

Technical Observation:

Ether is currently trading with a neutral bias. Ether is still being contained above the three Simple Moving Averages (14, 52, 92), and as I mentioned a month ago, while the price is above these SMAs, I expect a surge to the upperside. The opposite is true to the lower side. As it is on the 4 hour chart, I expect a break above $512.53 to pick a long term long position with an ultimate target at $808.55. On the chart attached, on a long position looks ideal, but I may consider a sell below $359.50.

Trade Signal.

Buy Ether towards $512.53

101% Double the volume

All bonus participates in drawdown!

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: