Right now ETHUSD is trading above resistance and momentum is starting to build up. If additional buyers/bots continue to jump in, we are likely to see a strong move.
Here we see the same signals I always look for that are present on the chart above:
- indicators ( and ).
- Trading above EMA10 and other moving average indicators.
- growing in favor of the bulls.
- Market sentiment feeling .
These signals are telling me that ETHUSD can move up but... Remember...
Conditions for change
If ETHUSD moves below the first blue line or $188.80, the potential of this setup is reduced.
If ETHUSD closes below $182 with a candle, then lower support levels are going to be tested.
Right now Ethereum ( ETHUSD ) is and aiming higher... My target is higher than $225 on higher timeframes... We will see how it goes.
Thanks a lot for reading.