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ETH/USD continues to consolidate in a flag formation

  • ETH/USD is presently priced at $217.25 in the early hours of Saturday.
  • The value is trending under the inexperienced Ichimoku cloud.

ETH/USD presently consolidating in a flag formation for the final three days. ETH/USD is priced at $217.25 on the time of writing. The hourly value chart exhibits that the value first went up to $217.50, the place it met resistance after which fell to $215.85. The bulls then re-entered the fray and took the value up to $217.25.

ETH/USD every day chart

The every day value is trending under the inexperienced Ichimoku cloud and the 20-day easy shifting common (SMA 20) curve acts as speedy market resistance. The bulls will need to overcome resistance at SMA 20 and $222. The shifting common convergence/divergence (MACD) exhibits 5 straight bullish periods. The Elliot oscillator has had 15 bullish periods out of the final 16.
 

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