ETH/USD has broken out of the Bull Flag mentioned earlier today and, at this time, has also broken OVER the dark blue descending line of resistance. The key for bulls will be hold OVER this dark blue line and to consolidate at some level above this line in order to set up for another leg up that should make a bullish reversal clear for all to see. At that point I would suspect heavy buying as traders feel that the train has in fact come back to the station.
Looking good for a confirmed reversal. Just need to hold the ground that was just won.
Brought to you by 0x521b495fc2D065787F21c5a2d6560e8dD141a4f4
Looking good for a confirmed reversal. Just need to hold the ground that was just won.
Brought to you by 0x521b495fc2D065787F21c5a2d6560e8dD141a4f4