Ethereum (ETHUSD) has been consolidating nicely after hitting a low in late September.
It recently bounced off of the 0.5 Fib. retracement support and is now moving higher.
It easily cut through EMA10 and EMA50 and is now challenging $179 (EMA100).
If this keeps up it is likely that ETHUSD will move up to EMA200 or around $185...
After this level is reached we can analyze the next move.
Conditions for change
If ETHUSD moves lower and fails to conquer EMA100, it needs to stay above EMA10 to keep this bullish scenario. So a close below $174 would invalidate most of the above signals.
For now, it is moving higher...
Thanks a lot for visiting again.
Namaste.
It recently bounced off of the 0.5 Fib. retracement support and is now moving higher.
It easily cut through EMA10 and EMA50 and is now challenging $179 (EMA100).
If this keeps up it is likely that ETHUSD will move up to EMA200 or around $185...
After this level is reached we can analyze the next move.
Conditions for change
If ETHUSD moves lower and fails to conquer EMA100, it needs to stay above EMA10 to keep this bullish scenario. So a close below $174 would invalidate most of the above signals.
For now, it is moving higher...
Thanks a lot for visiting again.
Namaste.
Trade closed: target reached
Target reached perfectly at $185.84.
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🚨 Long-term Financial Success Available » Make The Right Choice » Join NOW! 👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.