Technical Analysis – ETHUSD hovers inside Ichimoku cloud; indicators signal bullish bias
Posted on April 17, 2019 at 1:22 pm GMTETHUSD has been trading inside the Ichimoku cloud and between the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Over the last week the price has been moving sideways after the drop beneath the 168.30 barrier. The MACD oscillator is heading upwards, above the trigger line and the RSI entered the positive zone, pointing upwards. Resistance could occur around the 168.30 hurdle, which coincides with the 40-SMA. A break above this area could increase the bullish sentiment, retesting the 23.6% [..]