ETHUSD Futures (ETHUSD0 ), H4 Potential for Bullish Continuation
Title: ETHUSD Futures (ETHUSD0 ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2009.00
Pivot: 1743.56
Support: 1665.76
Preferred case: Looking at the H4 chart, my overall bias for ETHUSD0 is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 1743.56 where the recent high is and continue heading towards the resistance at 2009.00, where the previous swing high is.
Alternative scenario: Price may head below the support at 1665.76, where the overlap support is and potentially go lower.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 2009.00
Pivot: 1743.56
Support: 1665.76
Preferred case: Looking at the H4 chart, my overall bias for ETHUSD0 is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 1743.56 where the recent high is and continue heading towards the resistance at 2009.00, where the previous swing high is.
Alternative scenario: Price may head below the support at 1665.76, where the overlap support is and potentially go lower.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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