xzod

ETHUSD Daily Chart. Trend and EMA looks positive - Target $1600

Long
xzod Updated   
KRAKEN:ETHUSD   Ethereum
If we survive this bounce from our last correction, I am quite bullish that ETH will hit $1600 next week.

The trendline looks positive but I'm still hoping for more volume. Seeing that we're heading to the weekends, expect we'll go sideways for a day or two before momentum really pushes up the price and demand.





Comment:
4H charts looks good, price above the 200 EMA. MA, EMA spread looks like it's going up


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