BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum (ETH) is building strong momentum and could potentially move higher. The similar pattern we can see on LTC also.

There was bullish divergence - marked red. Price was making lower lows, while RSI was making higher lows on daily chart . It indicates underlying strength. Bears are exhausted. Warning of possible trend direction change from downtrend to uptrend. I also marked with blue lines the price action and movement – the channel is narrowing, which could be potential bottoming sign.

Green area was charted long time ago as strong resistance area – it shows the buying pressure before the big run to upside. There are still plenty of buyers on this level. For some long term buy, this is not a bad price, especially if can stay above resistance level at $90.

My target is set on $150.
Comment: 150$ achived. I'm out. waiting for another trade.
The market can go a bit lower before breaking up again however I do think the bullish divergence is a signal of something great to come!
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@N19911, Tnx, lets observe the movement in next days.
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