The chart for Ethereum (ETHUSD) looks like a move to the upside is about to happen.
Right now ETHUSD is trading above resistance and momentum is starting to build up. If additional buyers/bots continue to jump in, we are likely to see a strong move.
Here we see the same signals I always look for that are present on the chart above:
These signals are telling me that ETHUSD can move up but... Remember...
Conditions for change
If ETHUSD moves below the first blue line or $188.80, the bullish potential of this setup is reduced.
If ETHUSD closes below $182 with a bearish candle, then lower support levels are going to be tested.
Right now Ethereum (ETHUSD) is bullish and aiming higher... My target is higher than $225 on higher timeframes... We will see how it goes.
Thanks a lot for reading.
Namaste.
Right now ETHUSD is trading above resistance and momentum is starting to build up. If additional buyers/bots continue to jump in, we are likely to see a strong move.
Here we see the same signals I always look for that are present on the chart above:
- Bullish indicators (MACD and RSI).
- Trading above EMA10 and other moving average indicators.
- Volume growing in favor of the bulls.
- Market sentiment feeling bullish.
These signals are telling me that ETHUSD can move up but... Remember...
Conditions for change
If ETHUSD moves below the first blue line or $188.80, the bullish potential of this setup is reduced.
If ETHUSD closes below $182 with a bearish candle, then lower support levels are going to be tested.
Right now Ethereum (ETHUSD) is bullish and aiming higher... My target is higher than $225 on higher timeframes... We will see how it goes.
Thanks a lot for reading.
Namaste.
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