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Crypto Technicals: ETH/USD hits 4-week highs above 180, scope for test of 195 on continued bullish momentum

Tuesday, May 7, 2019 3:31 AM UTC

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 167 (5-DMA); Resistance: 195 (trendline)

Technical Analysis: Bias Bullish

- Major trend consolidates above 200-DMA, bullish invalidation on retrace below

- Cloud offers strong support, pair has bounced off cloud top

- Momentum bullish, Stochs and RSI are sharply higher

- MACD is showing a bullish crossover on signal line, +ve DMI is rising

- Scope for gains upto 195 (trendline resistance). Retrace below 5-DMA will see dip till 55-EMA at 156

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Crypto Technicals: ETH/USD hits 4-week highs above 180, scope for test of 195 on continued bullish momentum

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