Tickmill
Long

Ethereum has made a bullish exit,watch for more bullish momentum

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Ethereum             has made a bullish exit of our long term descending resistance-turned-support line triggering more bullish momentum. We’re seeing intermediate ascending support holding it up really nicely too. Our major support is at 1008 where a further bounce could occur towards 1164 resistance ( Fibonacci retracement , horizontal swing high resistance).

RSI (34) has made a bullish exit of its long term descending resistance-turned-support line too signaling that we could be seeing much more bullish momentum.

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This analysis is provided as general market commentary and does not constitute investment advice.
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