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FxWirePro: ETH/USD turns positive, good to sell on rallies

ETH/USD slightly recovered losses on Tuesday and is currently trading at 10.75 levels at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen: 10.71

Kijun-Sen: 15.39

Trend reversal - 11.75.

The pair faces major resistance at 10.78 (7 day EMA) and any break above confirms major bullishness, a jump till 11.75 (90 day EMA)/12.25 (21 day MA). On the flipside, support is seen at 10 and break below will drag the pair to 9.30 (Jul 5 2016 low)/ 8.45 (127.2% retracement of 10.10 and 16.08).

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