In my last ETHUSD analysis I emphasized the importance of a closure above the U$ 176 to resume its bullish trend .
Now, with a breakout of yesterday’s high (a harami cross) we see the bulls gaining strength. The candles are above the 21 ema , also above the upward trendline (purple line), and if closes above U$ 176 will confirm the long setup.
The main target here is U$ 253, but we should be aware of U$ 213 region, because it is a fib retracement and served as a bottom in the past (pink rectangle ).
Now, with a breakout of yesterday’s high (a harami cross) we see the bulls gaining strength. The candles are above the 21 ema , also above the upward trendline (purple line), and if closes above U$ 176 will confirm the long setup.
The main target here is U$ 253, but we should be aware of U$ 213 region, because it is a fib retracement and served as a bottom in the past (pink rectangle ).
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