Ethereum looking very close to breaking out..
Currently, chart patterns are forming a very nice "inverse head and shoulders" and a triangle.
Technical indicators such as RSI and DMI are trending up, similar to the short term moving averages (20, 50). This is good for the bulls.
Therefore, I think we would likely see $ETH breaking out to the upside instead of the downside.
Currently, chart patterns are forming a very nice "inverse head and shoulders" and a triangle.
Technical indicators such as RSI and DMI are trending up, similar to the short term moving averages (20, 50). This is good for the bulls.
Therefore, I think we would likely see $ETH breaking out to the upside instead of the downside.
