Technical crypto analysis based on breakout – Sell ETH towards 350.22.


Sell ETH towards 350.22.

Technical Observation

On the hourly chart, ETH is still rallying below the three SMAs (14, 52, 90). The fact that the price is below the three SMAs, is a clear sign that bearish will dominate this market. Thus, instead of looking for a long position, I choose to hunt for short positions with an ideal take profit at $350.00. So far as it is on the hourly chart, I highly advice looking for short positions, but should the price breaks above the three SMAs, then I’ll expect a momentum to the upper side with the an ideal take profit at 609.00.

Trade Signal.

Sell ETH towards 350.22.

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