Technical crypto analysis based on breakout – Buy Ether towards $545.20


Buy Ether towards $545.20

Technical Observation:
Last week, Ether rallied higher and even went above the 4 hour resistance line $463.96. Even most important, the price went above the three simple moving averages 14, 52, 90. As I mentioned few months ago, while the price is contained above these three SMAs, I expect a surge to the upper side. The idea is to wait for slight corrections then buy positions towards $545.20 and may break higher towards $604.70. I will only consider short positions should the price break below 463.96, and even then, I’ll wait for confirmations.
Trade Signal.
Buy Ether towards $545.20

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