Technical crypto analysis based on breakout – You can rebuy ETH around 669.42


You can rebuy ETH around 669.42

Technical Observation:
According to the daily chart above, I keep a close eye on two main lines 669.42 and 1393.06. a short term resistance can be seen around 934.08, a breach above it will culminate into a possible rally towards 1393.05 or higher. As it is on the daily chart, this short resistance held price below it, and now, bears are taking charge. I expect the price to plummet further with my take profit fixed at 669.62. You could look for a short position now, alternatively, you could wait to rebuy ETH upon a pullback towards 669.62. If you went long at 669.62, just leave this position open.
Trade Signal.
You can rebuy ETH around 669.42 with your take profit at 1393.09

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