On the 1H, it looks like ETH may return to the top of the Kumo cloud/200-period EMA and get denied from there. It may break out, but I'm thinking this little up-move will result in early profit-taking. Maybe $180 target. If the 50-period EMA crosses above the 200-period EMA on the 1H chart, this is going to look very bullish. For now I'll try this quick trade and then reassess to see if the EMAs cross or not. Good luck!
Commento:
Seems to be hitting some resistance here. Let's see how it holds up...