ETHEREUM Breaks Through Resistance Zone!

in #ethereum6 years ago

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Ethereum finally saw enough bull strength to break through the $586-590 resistance zone. Now, we're seeing that level act as support.

Next major resistance level will now be at $606 through $615.

The daily is now starting to favor bullish action. We have a solid MACD cross, and RSI and stochastic RSI are bullish. We also saw a bull break of the daily inside bars.

Volumes will continue to be something to watch out for. There's no heavy volume and not enough to make a decision on anything yet.

Happy trading!

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lets see what happens with ETH now that EOS has launched and they will dump a lot of their ETH.

Eh, I kinda think they've been doing it all along (they should have anyway). I think EOS will tank too when people realize their EOS ERC20 tokens are worthless.

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