Market Overview

15 May 2018

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.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.