ETHEREUM (ETH) possible Inverse Head & Shoulders, target $155.
Updated
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Ethereum is in the possible formation of an Inverse H&S. RSI had a brief drop below the 50's line in the last 24 hours and fast turned back to the positive side and is currently having the midline as a great support, demonstrating the balance of forces with little advantage to the bulls.
In the MACD there was a similar movement and now we are about 16h on the positive side above the 0.
Price using the 20MA as dynamic support.
The volume needs to grow again to confirm the breakout of the figure, but it seems to me that it will be a matter of little time and we should see the ethereum breaking the resistance in the next 24 hours.
Ichimoku is quite bullish, with the price above a green cloud, Chikou-Span is above the price and Tenkan is holding above Kijun.
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ETHUSDETHUSDETHUSDTEthereum is in the possible formation of an Inverse H&S. RSI had a brief drop below the 50's line in the last 24 hours and fast turned back to the positive side and is currently having the midline as a great support, demonstrating the balance of forces with little advantage to the bulls.
In the MACD there was a similar movement and now we are about 16h on the positive side above the 0.
Price using the 20MA as dynamic support.
The volume needs to grow again to confirm the breakout of the figure, but it seems to me that it will be a matter of little time and we should see the ethereum breaking the resistance in the next 24 hours.
Ichimoku is quite bullish, with the price above a green cloud, Chikou-Span is above the price and Tenkan is holding above Kijun.
If you like my work, please hit your like and follow me!
God Bless!
Trade active
Price moved in sideways in the last days and now reached the target as predicted.Trade closed: target reached
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