ETHUSD - The bulls finally arrived?
In my last ETHUSD analysis I emphasized the importance of a closure above the U$ 176 to resume its bullish trend.
Now, with a breakout of yesterday’s high (a harami cross) we see the bulls gaining strength. The candles are above the 21 ema, also above the upward trendline (purple line), and if closes above U$ 176 will confirm the long setup.
The main target here is U$ 253, but we should be aware of U$ 213 region, because it is a fib retracement and served as a bottom in the past (pink rectangle).
Now, with a breakout of yesterday’s high (a harami cross) we see the bulls gaining strength. The candles are above the 21 ema, also above the upward trendline (purple line), and if closes above U$ 176 will confirm the long setup.
The main target here is U$ 253, but we should be aware of U$ 213 region, because it is a fib retracement and served as a bottom in the past (pink rectangle).
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