ETHUSD (Ethereum) conquered EMA50 (1) back in early January 2020 and recently tested this same level as support (2).
With EMA50 confirmed as support (prices remain trading above this level), ETHUSD can resume its growth.
EMA50 here is marked with a magenta line and is sitting at $218.60.
Now that EMA50 has been tested, EMA10 ($232.15) is being challenged with a bullish RSI and the MACD starting to curve.
This can lead to prices for ETHUSD to hit $264 or even higher at $285+... We will see how it all develops.
Because of the structure of this chart, we are opening LONG here at 10X... Feel free to hit LIKE if you would like to see the FULL TRADE details with 99% potential profits, we will share at 150 likes.
Thanks a lot for your continued support.
Namaste.
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