mongacoin

Bull case & Bear case for Ethereum *leaning bullish

mongacoin Updated   
BITFINEX:ETHUSD   Ethereum
Volume has to pick up in order to show more signs of bullishness, not fond it is a Friday indicating closing of positions.

On the hourly showing signs of strength with price trading above 55 EMA and 100 EMA on the hourly.

Ichimoku cloud also shows a bullish tk recross indicating more pressure.

A key uptrend move will be a break above 305 + 200 EMA.

Bearish case is a bearish bat pattern with rejection at key support area.


Comment:
near perfect bearish crab with a EMA resistance.

Base on target profit entered a long on confirmation

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