hroob
Long

Ethereum Turns Bullish

COINBASE:ETHUSD   Ethereum / U.S. Dollar

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Ethereum             has received some positive movements. It's now above the 20-day EMA for the first time since MARCH. 5. Additionally, it broke out the trendline 1 as shown on the chart. If Ethereum             can sustain above this trendline for more time, a rally to other moving averages is possible. We expect the next resistance zone will be the area between the 50-day SMA and the 200-day SMA ( now it's between $590- $625).

Any successful break out of these averages will mean that the Bulls resume a strong uptrend. On the contrary, if Ethereum             breaks down the trendline 1 it will find support from both the 20-day EMA and the trendline 2. In general we are bullish on Ethereum             .


Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out