ETH/USD 1D Bullish Long term Targets
Updated
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Coming back to the Update.
This is an ETH 1D Chart, The chart seems bullish as you can see a BULLISH ENGULFING Candlestick pattern with a brea to the upside around 134. It was needed in the daily chart and it happened few hours back. MACD RSI all show bullishness. The orange horizontal rays shows the expected area of targets.
We need a break above 141,153 and we're off to go to the upside.
So 3 conditions here too:
1. Break above $143 and $152 area.
2. Break above 50D MA
3. Increase in Volume.
ETH follows BTC/USD and I am certain that It will have a direct impact on ETH price.
So stay tuned and share your views in the comment section.
Cheers!!
Coming back to the Update.
This is an ETH 1D Chart, The chart seems bullish as you can see a BULLISH ENGULFING Candlestick pattern with a brea to the upside around 134. It was needed in the daily chart and it happened few hours back. MACD RSI all show bullishness. The orange horizontal rays shows the expected area of targets.
We need a break above 141,153 and we're off to go to the upside.
So 3 conditions here too:
1. Break above $143 and $152 area.
2. Break above 50D MA
3. Increase in Volume.
ETH follows BTC/USD and I am certain that It will have a direct impact on ETH price.
So stay tuned and share your views in the comment section.
Cheers!!
Note
Perfectly following my idea, all we need is to fulfil the first condition which is to break the $143 area. Too much boring price action and hovering between this $125 to $135 area. Let's see where we are heading. Please share this idea with your friends,Note
On track..Note
We reached $148.35 already. There's a heavy resistance Trendline and also a psychological Resistance $150. If ETH manages to break the resistance we're good to go to the upside targets.If I get any bearish signs I'll let you know. Keep in mind if BTC shows strength ETH will follow that.
Trade closed: target reached
All Targets have been achieved.
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