ETHUSD Break of local downtrend will signal move to 950

ETHUSD is sitting at the top of the cloud nestled between strong resistance and strong support. A positive break of this region, either sideways or directly, will initiate a move towards a previous pivot at 950, where a correction might reasonably be expected.

Bulls can enter now. More cautious individuals can wait until resistance is cleared.

Projected gains 40%.

Loss of 200 daily MA (or worse support level at 595) signals resumption of a downtrend.

(I have a rising sense of optimism regarding the health of the market as a whole. Happy Days!)

Commentaire:

ETH has broken out of local downtrend and is heading towards 100 daily MA. If it breaks this resistance, it will create a higher high, which is my signal for bull move to 950 USD.

Commentaire:

ETHUSD: remains securely above log downtrend and Ichimoku cloud but is still under the 100 daily MA. The stochastic RSI is being reset without net price loss (sideways movement) which is a good sign.

Commentaire:

ETH skyrocket. It has broken the key resistance level. I expect it to move towards 950 USD Whether it pullsback there depends strongly on how bullish this gets.

Commentaire:

Is Ethereum the new Dow Jones... Illuminati confirmed xD