Hello Crypto Friends! Hope all is great with you. Let's jump right in and take a look at ETHUSD on our 4 hour charts.
As you can see on our charts ETH surpassed the 4hr chart 1200 moving average (the green moving average on our chart) around April 22nd. On April 28th we saw the 50 MA (the blue moving average on our chart) cross the 200 MA (the red moving average on our chart) and price is currently trending above all three of our moving average indicators. We're starting to see a small bullish divergence on the MACD but waiting for more volume to confirm. ETHUSD did break out of our Fib resistance level at the $716 range and is following our purple trendline on the way up. If it continues our bullish pattern, next target we're looking at is $974 range.
If ETH were to take a bearish breather we'll be looking at the following 3 levels for support:
1. $716 Fib retracement price level.
2. Our purple trendline
3. The 1200 moving average (the green moving average on our chart)
We are currently long on ETHUSD.
If you liked our analysis Please hit the Like Button and give us a follow i!
Keep an eye on for ETH:
1. Sharding
2. Casper
www.ccn.com/ethereum...rovement-in-scaling/
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances
As you can see on our charts ETH surpassed the 4hr chart 1200 moving average (the green moving average on our chart) around April 22nd. On April 28th we saw the 50 MA (the blue moving average on our chart) cross the 200 MA (the red moving average on our chart) and price is currently trending above all three of our moving average indicators. We're starting to see a small bullish divergence on the MACD but waiting for more volume to confirm. ETHUSD did break out of our Fib resistance level at the $716 range and is following our purple trendline on the way up. If it continues our bullish pattern, next target we're looking at is $974 range.
If ETH were to take a bearish breather we'll be looking at the following 3 levels for support:
1. $716 Fib retracement price level.
2. Our purple trendline
3. The 1200 moving average (the green moving average on our chart)
We are currently long on ETHUSD.
If you liked our analysis Please hit the Like Button and give us a follow i!
Keep an eye on for ETH:
1. Sharding
2. Casper
www.ccn.com/ethereum...rovement-in-scaling/
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances