AlanSantana

Ethereum Is Just Getting Started... (4H TF Analysis)

Long
INDEX:ETHUSD   Ethereum
Let's look a bit closer at Ethereum (ETHUSD) to see what the chart has two say.

We have two main signals to look in order to determine if the bullish move will continue... Let's get started right away.

We have this cup pattern in yellow, which also marks a higher low compared to May 12.

Trading volume has gone above-average after the initial breakout.
The RSI stays strong and it seems that EMA10 is holding on ETHUSD 4H.

That's four signals in total telling us that additional growth is not only possible but on its way.

It can go straight up if the blue trendline is conquered...
Or a small retrace to print another higher low and then jump.

We say STRAIGHT UP! ... What's your take?

Thanks for the support.

Namaste.

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