Looks like Ethereum (ETHUSD) can easily continue growing based on the chart setup here.
The last candle managed to move back above EMA50, EMA21, and EMA10, switching the potential back towards the bulls.
We also have a strong higher low compared to 21-Jan.
A new high is possible in this current move. We have higher highs and higher lows.
Conditions for change We would need to see a candle close below $1294 or EMA50 to put the bears back on top short-term... As long as prices remain above EMA50/10, we stay bullish on ETHUSD.
Looks like we broke from support , please give update
karouko18
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your ta s are so predictable and bad unsubbed mate
FieryTrading
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Good update. Here's my view on ETH:
Successcor
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What do you think now? ETH didnt go down
Trendymanners
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When MACD blue line peaks that is our time to close longs or open shorts. It seems quite reliable. Would you like to comment on that as well as your focus on MA going forward?
hondsny
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Triangle broken?
Crypto-Swing
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Thanks for sharing all the analysis you share. In this case, I see a divergent price in this 4hr chart, but much more pronounced in the daily chart, so would conclude a significant breakdown is imminent. I note also that the price has retracted below your MAs now as well, triggering your conditions for flipping to a bearish posture.
jnpTrends
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Thanks for the analysis! Looking at your chart I see a possible ascending wedge for ETH developing. I have something similar on my analysis however, I see the price breaking down to form a cup and handle pattern on the higher timeframes such as the weekly chart. I would love to get your feedback on my analysis.
BitonGroup
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nice chart
i feel it should fall as bit falls or even faster