ETHUSD (Ethereum) continues trading within an ascending channel and now the chart is looking better now than two days ago when I shared my last update.
Prices are strong while above EMA10, EMA21, EMA50, EMA100, and all major EMAs.
The MACD is clearly on the bullish side. The RSI is now sitting at 58.95.
When we look at the daily timeframe, we can see that Ethereum is trading above EMA10.
These signals are telling me that ETHUSD can move up next.
Conditions for change/notes If prices break down and close below "support", this chart setup is invalidated.
Please leave a comment with your views...
What's your take? Will Bitcoin and Ethereum detach? Or will Ethereum move ahead and Bitcoin follows with bullish growth?
depend on his big brother dont you think? eth/btc looking good for sure . thanks for your charts.
AlanSantana
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@nimrodmandel, Right now ETH is moving ahead of BTC... God knows how this will turn out but it is happening, maybe they will detach but I don't think so.