ETHUSD broke out of resistance, further potential rise!

8 במאי 2018

ETHUSD is testing our resistance-turned-support at 739.87 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 807.35 (horizontal overlap resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (34) is also testing our resistance and a breakout above this level might be a good precursor for a potential rise in price.
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