Another simple study on ETHUSD making use of the MA20 and the LMACD on the 1M (monthly) chart.
As you see both showcase strong bullish signals. In particular, the LMACD made a Bullish Cross in May but the important thing is that Ethereum has been making Higher Highs since, indicating a sustainable uptrend.
On top of that the MA20 has turned bullish for the first time since the 2018 Bear Market.
Additionally, the short-term bearish fractal posted early this month, got invalidated yesterday:
Are you ready to join the ride?
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Tradingshot: Hello! I restocked eth, and the profit is very good! Thank you for your hard work. Can the price of eth bull market be predicted?
phillipdionysiou95
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I’m a big investor in Crypto, but what are your thoughts on the economy now. Are we due for a global economic crisis with every asset class deflating or does this lead people to find Crypto as the only form of investment while people are locked of other countries.