ETHWUSD Multiple strong buy signals
Ethereum Proof of Work (ETHWUSD) may be staging a strong rally ahead as not only did it break above the 4H MA100 (green trend-line) that rejected the price on September 25, but the 4H MACD formed the first Bullish Cross in 11 days.
On top of that, with the 4H MA50 (blue trend-line) supporting since September 24, we have the potential of it crossing above the 4H MA100 thus forming ETHW's first Bullish Cross. Even though the 0.236 Fibonacci retracement level is the first technical Resistance, we expect a test of the 4H MA200 (orange trend-line) and then we can see the reaction from there.
See how the Fibonacci levels match well on the prior Lower Highs during the downtrend. Those are candidates for bullish targets if this uptrend is sustained.
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On top of that, with the 4H MA50 (blue trend-line) supporting since September 24, we have the potential of it crossing above the 4H MA100 thus forming ETHW's first Bullish Cross. Even though the 0.236 Fibonacci retracement level is the first technical Resistance, we expect a test of the 4H MA200 (orange trend-line) and then we can see the reaction from there.
See how the Fibonacci levels match well on the prior Lower Highs during the downtrend. Those are candidates for bullish targets if this uptrend is sustained.
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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