#1 Daily ETH/USD Strong Recovery After Sell Off Feb 3 2018

BITSTAMP:ETHUSD   Ethereum / Dollar
Price tested the lower Cloud and the Monthly S1 at 750 and has since bounced
and closed above the Cloud. The strong recovery from the sharp sell off
without closing inside the Cloud, is a sign of buying power and market confidence
from bulls. It would be natural to see more gains from here as price takes out
the different resistance levels. The upper Pitchfork band marks were price,
if moving above, will enter overbought territory.
Only a close inside or below the Cloud will shift bias to neutral or bearish going forward.

S/R @ 950-70
Horizontal support/ Lower Pitchfork band/ Upper Cloud @ 900
S/R @ 840
Monthly S1/ S/R / Lower Cloud @ 750

Yearly R1/Weekly S1/ S/R @ 990-1000
S/R /Monthly pp/Median line @ 1090
S/R & Weekly pp @ 1125
S/R @ 1165
Upper Pitchfork band

Trend: Bullish (Ich) / Bearish ( MACD )
Divergence: Bullish Pressure (Price vs MACD )
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