ETH - DOWN TREND ABOUT TO BREAK - HUGE UPSIDE INCOMING.
The next few minutes may show that the bull run is not over.
The thick red line is the downward trend line that has until now, not been touched in a long time.
We in fact have crossed above it several times in the last few hours. As soon as a 15 - 30m candle forms fully above it, that will indicate we are not in a bear market.
The red line is the bearish path, if broken we may continue the bull cycle to upwards of $6,400.
I think it will happen but if we break under the channel (3,380 or lower) we may return to sub 2000's again.
I am bullish.
The thick red line is the downward trend line that has until now, not been touched in a long time.
We in fact have crossed above it several times in the last few hours. As soon as a 15 - 30m candle forms fully above it, that will indicate we are not in a bear market.
The red line is the bearish path, if broken we may continue the bull cycle to upwards of $6,400.
I think it will happen but if we break under the channel (3,380 or lower) we may return to sub 2000's again.
I am bullish.