MCFractalStudies

ETHUSD broke the 1099 level, technically bullish since then

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Hello, following up our last post, ethusd             broke the 1099 level.

The retrace started on 16 january is officially over since 2 days ago (27 january), aka since the break of the 1099 resistance level (blue circle).

As we can see, price already moved up +10% since that breakout, it is now technically bullish , and will stay so as long as market remain above 757 level, with a small eye to the 987 support level (we would incur in a double-dip if such level break, however as for now, market is technically bullish ).

Take care!
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