Technical Analysis – ETHUSD extends gains around 5-month high; turns bearish bias to bullish
Posted on February 19, 2019 at 12:39 pm GMTETHUSD has performed an extremely bullish action after the bullish gap in the previous day, sending prices towards a fresh five-month high of 148.15 earlier today. The RSI indicator is developing well above the 70 level in the overbought zone, while the MACD oscillator crossed above both the trigger and zero lines in the 4-hour chart. Moreover, the price rise above the 20- and 40-simple moving averages (SMAs), is pointing to more gains. In case of a move higher, immediate resistance is coming from the 148.15 barrier, while a successful jump above [..]