ETHUSD - Still in an up-trend! Bulls loading orders!

_______________________________________________________________________________________________________________________________________
Hello traders investors and community. Today i want to analyse ETHUSD , there is an exciting pattern forming with unusual market movement.While the
cryptocurrency market is moving sideways and dont really know where to go i see pretty worthful signs at ETHUSD to make some up-moves the next time.
_______________________________________________________________________________________________________________________________________
Looking on the 1 day chart we have seen a pretty bloody correction the last days and weeks where ETHUSD stopped at 191 and formed a stabilisation
at this level. We see ETHUSD consolidating in this area now.
_______________________________________________________________________________________________________________________________________
There is strong support at 160 - 200 USD which we formed in the up-trend moves before, you can see it marked with the oyster trend-lines also with the
dashed blue trend-lines which showing support from the huge triangle formed. If for any reason we fall below the current support at 191,what i dont expect,
there is high probability for support in this area!
_______________________________________________________________________________________________________________________________________
Now what is coming the next days and weeks?! As ETHUSD completed the ABC correction it is stabilising now, i am expecting a continuation of the bullish
trend before. There was some unusual market movement formed in the correction which was bigger than expected, now i am looking for the possible target
which is intact when we form the next up-moves. You can see it market with the dashed blue trend-lines and elliot-wave count ending at 500 US. Target
will be between 450 - 500 USD.
_______________________________________________________________________________________________________________________________________
Also EHTUSD is moving in an huge up-trend channel, which upper and lower line we tested already three times now,
i am expecting a fourth test of the upper line.
_______________________________________________________________________________________________________________________________________
RSI showed us a oversold condition! Which is normally shown before an move higher!
The market is oversold because everybody selled and it will be hard to go lower.
_______________________________________________________________________________________________________________________________________
These overall factors give me a bullish picture of the future movement from ETHUSD ,
after a consoidation between 190 - 240 i am expecting a break-out to the upside!
_______________________________________________________________________________________________________________________________________
Hopefully you enjoyed this analysis, give some support so you dont miss the next market insights about cryptocurrency! So see you soon!
This is only educational and should not used to take action in markets!
May all happiness and luck come to you friends! All the best!
_______________________________________________________________________________________________________________________________________

Comment:

Consolidating in range between 200 - 230

Comment:

Thanks for everybody who supports my work! You are the best!

Comment:

twitter.com/VincePrince244