Bullish Signal, A Fake Breakout?

COINBASE:ETHUSD   Ethereum / U.S. Dollar
One bar breakthrough 3 major average line (5 days, 10 days, and 20 days) is a BULLISH SIGNAL.
+Price up and volume increased is a BULLISH SIGNAL, too.
+10 days moving average cross over 20 days moving average is another BULLISH SIGNAL.
+3 times test the down side 40 days average, the bear fail to break it down adding BULLISH POWER.

The bullish get 4+ Signal.

Is it a FAKE ONE? Or a real one Bullish trend?

This trend is much similar with Euro dollar exchange for Canadian Dollar's development.

The Ethereum Price might be come back to test 240 hours and 480 hours simple moving average . (Green Zone)
If it hold, then will challenge the above resistance (Red Zone)
If is can not hold, then it might be a Fake Breakthrough.

Our Bias is Bullish .
Comment: Wording correction as follow:
If the green zone can not be hold, then it might be a Fake Breakthrough.
If the red zone breakthrough with volume, than it is a real bullish trend.
Forget to add this one-Big Resistance AREA.

Be careful "Fake Breakout"
4 hours or 15 minutes trading Volume drop sharply.

A possible Rise High To Sell "Killing" Strategy........
First time back test the Invert Head and Shoulder Neckline.
And this time it is holding well.
Maybe next few day will back test again.
If it can hold between 20 days Moving Average and the Neckline, maybe the bullish trend is confirmed and valid.
Currently, The Upside Resistance will be 160 Day SMA, 180 Days SMA, and 200 Days SMA.
Comment: Sunday Dumping...Repeat it Magically!
Look like Sunday Dumping is stopped by Some active and strong buying interested.
It gets Support from 60 hours average.
The trading range is forming a FLAG, or Cup and Handle Pattern.
3 days, 5 days, and 10 days average can provide back behind support, too.
Unless the bear push down hard, after range trading between upside and low side for 2 or 3 times, then it might go the challenge upside again.
Real Fighting. Not a fake fighting.
Correction getting support.

Above this level selling pressure is heavy.
The bull just to make sure the Bear putting how heavy of the selling pressure.
It has Test the above side for the second time.
The testing Volume increased, but not enough big.

Range Trading, and Back test 5 & 10 days simple moving average.
Range Trading
Testing 10 days MA, and it seems got support.
Comment: Bear is continue to test low (M form attacking wave)
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