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ETH/USD - Trading OpportunitiesHello traders, Here we have ETH/USD on the 1H chart. ETH/USD appears to be ready for an up move. Ethereum 1.28% has been trading sideways for a while. Recently there has been signs of hidden bullish momentum at the resistance zone at 767.80. If price breaks the resistance zone , it is a buy opportunity. It appears ETH/USD is now ready for an upside pop soon. Price is showing a very nice rounded bottom at the resistance zone , and is showing strong reversal candlesticks . The rounded bottom at resistance indicates that price action could have the necessary momentum for a breakout of the resistance zone . If price successfully breaks and closes above the sidewards resistance line at 767, I am expecting an up move to the upside target of 838. Bare in mind that price could retest the lows before the up move if it fails to break the resistance zone in this move. I will be updating this analysis and providing a realtime buying signal if this gets 40 likes.
BITSTAMP:ETHUSD
by TomProTrader
35