Long ETH now towards $942.68 | 07 May 2018

Technical Observation

After a clear breakout above the daily resistance level $670.71, ETH spiked upwards and even went above the larger 152 Simple Moving Average, this is a clear sign that the buyers are in full control, now, the price is above all the three simple moving averages, (14, 52, 152), and as I said earlier, while the price is above the three SMAs, I expect a spike upwards towards the next key line $942.68. If you didn't go long previously around $670.71, you could still look for long position now, with your take profit at $942.68.

Trade Signal.

Long ETH now towards $942.68

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.