ETHUSD broke the 1099 level, technically bullish since then
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!
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!