MagicPoopCannon

Ethereum is Starting To Look Attractive! (ETH)

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Ethereum is looking increasingly attractive right now. If I could draw your attention to the 50 EMA (in black) you can see that it was major resistance all throughout the bear market. Now, ETH has been consistently hodlding the 50 EMA , making it increasingly likely that we will see a breakout to the upside.

Interestingly, ETH is being pinched between the 50 EMA support, and the major overhead resistance zone around 180 — 190. If ETH can close above that resistance zone , we could see a rally toward the next peak at 223. If that is taken out, the next target would be around 255. A confirmed breakdown below the 50 EMA would temporarily negate that upside potential.

Furthermore, we can see that the ribbon is just starting to flash green, indicating a change in trend, which could result in a significant upside expansion.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-

thanks

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ETH has broken $255 as well. What's the next strong resistance level?
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We have published 6 ideas of ETH and here is the result:

1. Long from 108$ to 117$



2. Long from 116$ to 141$



3. Short from 143$ to 129$



4. Long from 140$



5. Long from 140$ to 173$



6. Long from 150$ to now


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most coins do not follow bitcoin, this is why we can fall in order to grow later
+3 Reply
Eth and BTC are taking turns surging and retracing. ETH is up on deck to surge as btc retraces . The RSI, stoches, NVT, all point to a painful retracement in BTC. But BTC may be so bullish that the bearish divergence gets wiped out.

+5 Reply


Definitely go LONG.
+2 Reply
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