RATE Group | Ethereum Short Term Bullish Breakout, Bitcoin Lagging
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Ethereum Short Term Bullish Breakout, Bitcoin Lagging

05 Nov Ethereum Short Term Bullish Breakout, Bitcoin Lagging

Posted at 08:16h in Ethereum News by

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Ethereum’s Ichimoku charts show ideal bullish breakouts on faster time frames.

Near term-resistance on the daily chart must be breached higher for long term bullish outlook.

Ethereum breaking out on 4-hour and 1-hour charts

Ethereum (ETH) Daily, 4-hour, and, 1-hour Ichimoku Charts.

The chart above is a multiple time-frame chart setup of Ethereum with the Ichimoku Kinko Hyo system. The daily chart is on the top left, the 4-hour chart on the top right, and the 1-hour chart below. The charts above display two very bullish charts on the 1-hour and 4-hour charts. The 1-hour shows a beautiful and text-book example of what an ideal bullish breakout on an Ichimoku chart looks like. The 1-hour chart shows both price and the Chikou Span are above the cloud. Price is also above both the Tenkan-Sen and the Kijun-Sen with the former above the latter. The future cloud is also bullish with…

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