Ethereum price move above the bullish trend lines support the continuation of rising in the coming period, besides the completion of a bullish flag pattern.
The exponential moving averages 50 and 100 provide positive support to the price, to expect the continuation of rising in the coming period, the next target at 200.00, while breaking 158.00 will press on the price to turn to decline.
@FXHighway Hello,What do you think about my idea ?
FXHighway
⋅
@IgorPorokh, Great point of view, we agree to go up in the coming period, but looks like the ceiling that you drew could push it to fall down again, this could be a significant Rising Wedge formation .. Lets keep an eye on it ;)
Thanks for sharing