As pointed out yesterday on my ETHUSD futures chart, a head and shoulders pattern was developing - which typically leads to bearish behavior. However, as shown, we have broken out of this pattern further leading me to believe that we can continue expecting bullish behavior along the support curve.
I look forward to an exciting couple of months for crypto.
I look forward to an exciting couple of months for crypto.
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Additionally, as you can see, the MACD Curve continues to converge. A breakthrough of the short run moving average through the long run moving average looks more likely each hour.
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Orange Line:
Long Run Resistance Curve
Green Line:
Short Run Support Curve
Long Run Resistance Curve
Green Line:
Short Run Support Curve
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