ETHUSD pushing towards the 170 mark

2019年1月8日

Hi everyone,

5 wave structure indicating a target at around 170, if overhead resistance at 160 can be broken. For now, price on the 1h chart bounced off of support level and 200 MA, which indicates an impending move.

MACD signaling a bullish crossover. RSI looking healthy recently, seems to have overcome bearish divergence on recent tops.

Even though at the crossroads at the moment, I believe this scenario is likely to play out. Constantinople and bullish momentum in BTC supportive. Additionally, LTC (which has had leading character most recently) looking bullish and is pushing overhead resistance at this very moment.

Support appreciated!

2019年1月8日

註釋

Bulls trying to push the price up, a sustained move above minor resistance at 152 will be a good sign

2019年1月8日

註釋

Things are becoming interesting. LTC pierced through resistance to a new high, most alts are pushing higher, which is a great sign. BTC has also made another attempt and formed a small bullflag. I'm positive that it's only a matter of time for ETH to follow, if BTC doesn't fall.

However it is not to be ignored that both BTC and LTC signal bearish divergence on the RSI. Watching closely is key at this point, if you have an open position.

2019年1月8日

註釋

What a fight now! Touched 153 for a second, but bulls are not able to hold the ground there just yet.

BTC touched 4130 in a nice push, but bears were for now able to push it back to where it came from.

2019年1月8日

註釋

Pushed back below 150, but bulls are holding this level strongly, which is good.

Volume on exchanges is increasing steadily these past hours, BTC holding the psychological 4000 barrier.

Still bullish bias on my side.

2019年1月9日

註釋

Support holding strong, Fib level in play for bullish scenario. Just now we've bounced off of the 100 MA on the 1h for the 3rd time in the last 30 hours. Strong support there!