Technical crypto analysis based on breakout – Sell at 184.88

ETH –

Sell at 184.88

Technical observation

Yesterday price rallied towards the support 174.93 and currently is at it.I expect a rejection of price at it followed by a correction to 184.88 and should there be a clear breakout below it with a big red candle I expect a possible correction to it for downwards movement of price. Wait for the rejection at 174.93 and a pullback to 184.88 then re-sell ETH at it with your take profit at 174.93 and stop loss slightly above 184.88.Should price break above 184.88 with a big green candle, wait for a correction to it to confirm possible bullish momentum before you pick long positions towards 201.75.Right now you wait.

Trade signal

Wait for the correction to 184.88 to re-sell ETH.

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More detailed

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