Technical crypto analysis based on breakout – short towards $359.50

ETH –

short towards $359.50

Technical Observation

ETH is again below the three Simple Moving Averages (14,52, 152). As I stated some months ago, while the price is below these three, I expect a surge to the lower side with my first take profit at $359.50. If this take profit is broken to the lower side, then this will be another good place to look for long term short positions towards $321.00. As it is on the 4 hour chart, only sell positions looks more ideal. However, should price break above $493.90, then I’ll expect a surge to the upper side towards $820.40.

Trade Signal.

short towards $359.50

101% Double the volume

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