ETHUSD Consolidating an Uptrend

ETHUSD CHART PRICE – ETHUSD DAILY

The cryptocurrency managed to close the trading day with gains after it had a small loss, the price trades inside the Ichimoku cloud but we can see how it is getting closer of exiting the cloud to be place above it, this would means that an uptrend can be expected once the price reaches 381, the relative strength index is climbing slowly, currently at 47%, the bollinger bands are wide but not enough to indicate a trend change for now, we could see the price breaking the resistance during next week.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.