RATE Group | Bulls take control of ETH/USD and try to break into the $190-zone
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Bulls take control of ETH/USD and try to break into the $190-zone

05 Nov Bulls take control of ETH/USD and try to break into the $190-zone

Posted at 02:07h in Ethereum News by

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  • The MACD indicator on the daily ETH/USD chart shows sustained bullish momentum.
  • The four-hour chart is floating above the green Ichimoku cloud.

ETH/USD daily chart

fxsoriginal

ETH/USD went up from $186.45 to $187.65 so far this Tuesday. The price is trending above the 20-day Simple Moving Average (SMA 20) and SMA 50 curves, with the latter acting as immediate support. The Moving Average Convergence/Divergence (MACD) indicates sustained bullish momentum.

ETH/USD four-hour chart

fxsoriginal

The four-hour chart is floating above the green Ichimoku cloud and the SMA 20 curve has crossed over with the SMA 50. The price is consolidating in a flag formation before a potential breakout. The Elliott Oscillator has had six straight green sessions of increasing intensity.

ETH/USD hourly chart

fxsoriginal

The hourly chart is trending above the SMA 20, SMA 50 and SMA 200 curves. The 20-day Bollinger jaw has narrowed, indicating decreasing price volatility. The Relative Strength Index (RSI)…

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