AlanSantana

Ethereum Shy Move To $185 or All The Way To $220?

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum ( ETHUSD ) has been consolidating nicely after hitting a low in late September.

It recently bounced off of the 0.5 Fib. retracement support and is now moving higher.

It easily cut through EMA10 and EMA50 and is now challenging $179 (EMA100).

If this keeps up it is likely that ETHUSD will move up to EMA200 or around $185...
After this level is reached we can analyze the next move.


Conditions for change
If ETHUSD moves lower and fails to conquer EMA100, it needs to stay above EMA10 to keep this bullish scenario. So a close below $174 would invalidate most of the above signals.

For now, it is moving higher...

Thanks a lot for visiting again.

Namaste.
Trade closed: target reached: Target reached perfectly at $185.84.

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