Yesterday, Ether rallied higher and is still being supported by the three Simple Moving Averages (14, 52, 90). As I mentioned previously, while the price is contained above these three SMAs, I expect a surge upwards with an ideal take profit at $722.90. On its way upwards, the key lines to check for include $601.70 and $668.70, if these lines are breached, then a rise towards my take profit, $722.90.
Technical Levels
Resistance levels
R1: 571.19
R2: 635.56
R3: 760.43
Pivot
510.69
Support Levels
S1: 260.95
S2: 385.82
S3: 446.32
Trade Signal
Buy Ether towards $722.90.
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.
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Imelda Maseno
Analyst of «FreshForex» company
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