ETH/BTC getting close to breaking this downtrend channel and 21 moving average. MACD and DMI is positive, therefore, we are likely to break to the upside.
#ETH Cup and handle formation. Expect USD prices to land somewhere between 550-650 USD.
Ethereum is now testing our 1st resistance at 784 (multiple Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive prices down to at least 564 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading CFDs...