ETHUSD technical analysis
15.05.2018, 07:36

ETHUSD technical analysis

Based on Ichimocu system it can be observed that the price is inside the cloud the kijun sen and the tekan sen seem to be in a bullish formation. The chikou span appears above the price.

The picture here seems to be neutral for the moment but with a touch of bullishness.

The clues here which may state a slide upward momentum are the chikou span with above the price , the kijun sen and tekan sen forming probable bullish behavior.

Now the price is in the cloud meaning that based on the Ichimocu system bulls might not be ready yet.

What we would like to see here is the possibility of the price to break out of the kumo and the chikou span also to be able to start looking for any potential signals.

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