ETHWUSD Multiple strong buy signals

Ethereum Proof of Work (ETHWUSD) may be staging a strong rally ahead as not only did it break above the 4H MA100 (green trend-line) that rejected the price on September 25, but the 4H MACD formed the first Bullish Cross in 11 days.

On top of that, with the 4H MA50 (blue trend-line) supporting since September 24, we have the potential of it crossing above the 4H MA100 thus forming ETHW's first Bullish Cross. Even though the 0.236 Fibonacci retracement level is the first technical Resistance, we expect a test of the 4H MA200 (orange trend-line) and then we can see the reaction from there.

See how the Fibonacci levels match well on the prior Lower Highs during the downtrend. Those are candidates for bullish targets if this uptrend is sustained.



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