Update from my (www.tradingview.com/...ossibility-to-go-up/) about ETH/USD play out the descending triangle pattern so well. After broke 200 usd (200EMA) price resistance it's now hovering around 230 usd near a potential #1 resistance.
Support #1 (200 EMA, 50 EMA, 20 EMA) = +-$200 , if it broke down this support would be very bearish for ETH
Resistance #1 : +- $240 based on fibonnaci retracement and past time support and resistance
Resistance #2 : +- $300 , based on previous consolidation of price action in the past time
Indicators :
From CMF, MACD, OBV, RSI, Parabolic Sar
Parabolic Sar it's good indicator to see a current trend in larger scale time frame. so far, It's looking bullish in weekly time frame.
Daily CMF, MACD, Parabolic Sar
Volume is looking good,, CMF and MACD still have fuel to test next resistance. keep in mind the Parabolic Sar looks parabolic which is prone for price action to switch it's trend or should i said a retracement is near if the price action show weakness.
Daily OBV, RSI, EMA
So for for the RSI is making a higher high and lower low which is great however there a possibility the retracement in the near future, OBV is spiking up which is great to know there's new money flow into this market, From EMAs line is indicate a golden cross happening (20 EMA and 200 EMA) and will made a second golden cross (50 EMA and 200 EMA) which confirmation of price is already confirm a bulltrend more solid.