Eth bounces off ath

Disclosure: not financial advise. All models are wrong. Some are useful.




After finding getting rejected once again in our ascending channel upper trendline, we went down to test the previous all time high (ath) as support! We now find ourselves on our way to test that upper channel trend line once again! The histogram cross and shift in volume in the MACD confirms the bullish momentum as well as a possible bull cross between our 21 day EMA (orange line) and 20 day MA (white line). We expect the crypto known as the index of altcoin to continue its upwards momentum in the next couple of days!