COINBASE:ETHUSD   Ethereum / U.S. Dollar
Hello guys! Ok, the bulls reacted today! As I said in my last analysis (if you missed it, the link is below), the trend is still bullish , and if you are a hodler there’s nothing to worry.

Actually, it was just another opportunity for the bulls show their strength, as the bears tested the black line again, and failed in breakout below this point, and the price is doing a bullish pattern today! Let’s if it will close this way. Also, I think we can draw something like a flag, and the price already breakout from it and it did its natural pullback.

There’re some resistances here, and now the first challenge ETH has is to breakout the orange line at $ 216, which seems it’s going to happen. Now, the hourly chart:


The price found a support at the pink line and bounced back, struggled a little at the black line, as usual, and now it seems it’s searching for the green line. Let’s see if the bulls will find a resistance there! Also, if you’ve reached this far, remember to support this idea clicking on the like button, and I invite you to follow me to keep updated. Now the weekly chart:


After the price found a resistance at the 61.8% fib retracement, it dropped back to the 21 ema and now is resuming the bullish trend . If the fib retracement will be surpassed for good, we can set a target for ETH at its previous top, around $ 290 (pink line). What do you think? Is reasonable aim the $ 290 again? Leave a comment here!

Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume ). Like this idea if it helped.

Thank you very much.

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Comments

I appreciate it.
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Nathan_Black tasnuvahamida
@tasnuvahamida, and I'm glad you liked it!
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eth is going to the slaughter
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@tookie91, Hey tookie, thanks for sharing your view! Personally, I think this is very unlikely, but let's follow what ETH will do next.

In this case, stick around, you may find something interesting.
Good trades!
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tookie91 Nathan_Black
@Nathan_Black, we will see in the near future, tbh im sticking with btc. thats where the moneys at i feel like.
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Your trading is very clean I would like to learn more about your strategy combination
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Nathan_Black brandadon
@brandadon, Hello brandadon! I'm glad to hear that, and I'm already preparing some good material for you and anyone who wants to understand better my trading methodology. Until then, just stick around, I can always teach something through my analyses.

So, hold on a little, brandadon, good news are coming!

I wish you the best.
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