Technical crypto analysis based on breakout – Still selling Ether


Still selling Ether

Technical Observation:
yesterday, Ethereum retraced slightly to the upper side but is still below the 90 Simple Moving Averages, unless the price clearly breaks above the last SMA, i expect a surge to the lower side with an ideal take profit at $352.00. On its way to the lower side, the key lines to look for include $453.30, $440.10, $400.00 and $382.00 . On the other side, should the price break above 90 SMA, I’ll expect a rally to the upper side.
Technical Levels
Resistance levels
R1: 608.59
R2: 647
R3: 704.63
Support Levels
S1: 474.13
S2: 531.75
S3: 550.97
Trade Signal
Still selling Ether

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