The bulls have taken back ETHUSD
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Ethereum's has completed a full 8-wave cycle
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Corrective wave C has completed almost 50% retracement of cycle
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Corrective waves A and C are pushing against the steep impulse waves 1, 3, 5
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Its time for a new impulse wave if C is complete, I predict this wave to be bullish
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Breaking 0.5 Fibonacci retracement ceiling sets a new target of $360 USD at 0.382 resistance
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Uptrend is dramatically respecting Pitchfan - headed straight for $308
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The ascending channel following the break in down trend is beginning to form a bull-flag
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Decision time is in 3 days and 16 hrs, there is a potential 3% gain in ETH's current price until then
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C wave is not yet guaranteed complete
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Stoch RSI shows rising into "overbought
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Volatility is being promoted - represented by the candlestick's lower lows and higher highs - as well as the volume's lower lows and higher highs
Tl;DR
Does a bull shit in the woods?
ETH has more than broken its downtrend and is signalling a bullish trend in more ways than 1, stay along for the ride to watch our historic resistances tested by this bullish trend - but ensure you set a stop loss I recommend your long position begin at my little flag i set up