After a prolonged downtrend with clear hourly lower highs, the bulls established support and broke the downtrend resistance and the lower highs at the same time.
Even the patient trader waiting for the break could see a $20 move on the breakout.
This is coming as BTC consolidates and funds move around looking for more profit.
ETH will now have to consolidate and set a higher low on the hourly, keeping the bulls in control of the new trend reversal.
The daily chart is a clear equilibrium pattern with our higher low now set. We will look for a break in this pattern to end the year.
Even the patient trader waiting for the break could see a $20 move on the breakout.
This is coming as BTC consolidates and funds move around looking for more profit.
ETH will now have to consolidate and set a higher low on the hourly, keeping the bulls in control of the new trend reversal.
The daily chart is a clear equilibrium pattern with our higher low now set. We will look for a break in this pattern to end the year.
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