ETHUSD simple TA
As you can see the downtrend in ETHUSD is almost certainly broken. The important trend line in red was long ago broken (see the volume confirmation and the test was done too). The formal channel using the wicks of highs and lows is also broken. I guess now we are forming a good uptrend. Between 280-300 we should see a correction (predicted to be small).
Does this mean it will go down or up more when it corrects?
when it corrects it should not be a big drop and it will certainly respects 220$.
?Lovely read?