Crypto Technicals: ETH/USD holds cloud support, poised for test of 195 mark

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 170.31 (5-DMA); Resistance: 180 (Trendline)

Technical Analysis: Bias Bullish

- ETH/USD extends gains, poised for test of 195 mark

- The pair has found strong support at daily cloud and weakness only on break below

- Momentum bullish, Stochs and RSI are sharply higher, MACD is showing a bullish crossover on signal line

- GMMA indicators show both near and long term averages are in concurrence and biased higher

- Pair could find some resistance at Upper Bollinger Band at the 177 mark. Break above 180 (trendline) sees little resistance till 195

- 5-DMA is immediate support at 170.31. Break below could see dip till 50-DMA at 159.57. Bullish invalidation below cloud (155)

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