ETHEREUM Broke out from weekly downtrend

By HiteshMalviya
Updated
ETHUSD is leading the market recently, ETHUSD's price rose from 142$ to 179$, and closed last week above 167$.

ETHUSD is promising higher ROI than BTCUSD trade lately, and we have also seen that ETH is usually heading the rally, and bitcoin is following it.

ETHEREUM had broken out from a weekly downtrend after a weekly close above 167$.

ETHUSD had also managed to close weekly candle above 21MA - which is again bullish.

Looking a MACD, we can spot a clear Bullish crossover: which indicates bullish continuation.


Trade Signal:

ETHUSD

Entries: 145-160$
Exit: 210-240$
STOP: 130$
Trade closed: target reached
Chart PatternsETHUSDethusdbuyethusdforecastethusdideaethusdlongTechnical IndicatorsTrend Analysis
HiteshMalviya

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