alanmasters

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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Comments

I always admire your work .
+1 Reply
alanmasters aradmaaf
@aradmaaf, Thanks.
Reply
cmon BITCOIN its just an scam technical doesnt appy here jaja ... will go to 3k
+1 Reply
alanmasters TheMasterBitcoin
@TheMasterBitcoin, This is the Ethereum chart.
Reply
TheMasterBitcoin alanmasters
@alanmasters, all depends of BITCOIN if bitcoin fails ETHEREUM will fall harder below $120.00 usd this month... grettings.
Reply
going down to 111 ... sorry to say but this is just how the cycle works.
Reply
alanmasters Gustavo1111
@Gustavo1111, Target hit...
Reply
Gustavo1111 alanmasters
@alanmasters, wait. its coming
Reply
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