Ethereum (ETH) Moves Ahead, Back Above EMA10 +Altcoins Update

Ethereum (ETHUSD) peaked 16-April reaching a new All-Time High, what followed was a sudden but fast correction that took prices all the way down to EMA50 on a wick... Let's see what happens next.

Ethereum Bullish Chart Signals @AlanSantana

Yesterday we saw ETHUSD bounce off the EMA21 line to close daily above EMA10 ($2294), this is a bullish signal.

The short-term potential of any altcoin trading pair can be determined depending on where the current active candle is trading compared to the EMA10 indicator.

• Above EMA10 we are bullish.
  
• Below EMA10 we are bearish, but this is only short-term.
  

We also have a very strong RSI above 62 and the MACD on the bullish side as well.
We have an ascending channel/higher highs and higher lows.

The altcoins market, in general, continues to do great, we've seen some short corrections, small retraces, just like Bitcoin did in 2020.
After these small corrections and retraces, we continue growing more and more.

This is expected to continue for the entire year of 2021 and beyond.

What's your take?

Both Bitcoin & The Altcoins Market will continue blessing us with tons of opportunities.

It is a great time to be trading altcoins now.

Remember that patience is key.

Thanks a lot for your continued support.

Namaste.

評論:

We have a new high for Ethereum (ETHUSD) and we can see its price moving above resistance (hit PLAY on the above chart).

Let's hope it keeps on going higher and higher.
We are likely to see Bitcoin follow.