After breaking out the resistance Ethereum differently from Bitcoin decided to retest resistance as a support . The retest has been successfull and so far has holded up price nicely. After breaking this short term red resistance line ETH should have it's time to ride and altcoins might also follow it since them also did not rise like Bitcoin did.
RSI showing a bullish breakout and Stoch RSI running up to the overbought level but still with room left to run which probably represents the space that ETH needs to ride until 200$.
RSI showing a bullish breakout and Stoch RSI running up to the overbought level but still with room left to run which probably represents the space that ETH needs to ride until 200$.
Comment:
RIDING!
Trade closed: target reached:
ETH hits 200$