ETH is turned North Face.
-Neutral red trend is crossing, long terme purple trend. This configuration is bullish.
-In the same time ETH is going back above its previous support rope with insane objectif above.
Observation:
Nothings can tell me if the momentum has stopped its race for now:
- No tendency change for major trends (rope).
- Planty trends and/or clouds to support price drope tendency.
- Volume is still green in daily on the resultant.
- Waves pattern is acceptable for a round 2.
=> Clearly, it's a green light for the price to continue to build up in term...
I take a risk on this publication as nothings is closed yet :p! But it wouldn't be fun otherwise.
Cross between short term and medium term buyers, both building up.
-Test of the ascending trend MA(128): Hold ok (for now)
-Pull back above the ascending trend MA(64): I expect a stick along this trend for now as the R/R is now affordable.
-Both volume and price...