Over the weekend ETHUSD rallied to touch the exact horizontal level we have been tracking for weeks in our chart analysis (circled green).
Price is now curling over, under pressure from the 12-hour cloud.
Price has risen into the yellow shaded tradiing range that formed a few weeks ago.
A daily candle close above the upper level of the range is bullish and we'll then be watching for a push through the $380 for consolidation.
Chance are at this point we'll see a price drop to the lower level of this trading range ($360) for a test of support.
The weekends rally was a good sign, but we're not out of the woods yet.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Price is now curling over, under pressure from the 12-hour cloud.
Price has risen into the yellow shaded tradiing range that formed a few weeks ago.
A daily candle close above the upper level of the range is bullish and we'll then be watching for a push through the $380 for consolidation.
Chance are at this point we'll see a price drop to the lower level of this trading range ($360) for a test of support.
The weekends rally was a good sign, but we're not out of the woods yet.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
