Another simple study on ETHUSD making use of the MA20 and the LMACD on the 1M (monthly) chart.
As you see both showcase strong bullish signals. In particular, the LMACD made a Bullish Cross in May but the important thing is that Ethereum has been making Higher Highs since, indicating a sustainable uptrend.
On top of that the MA20 has turned bullish for the first time since the 2018 Bear Market.
Additionally, the short-term bearish fractal posted early this month, got invalidated yesterday:
Are you ready to join the ride?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
As you see both showcase strong bullish signals. In particular, the LMACD made a Bullish Cross in May but the important thing is that Ethereum has been making Higher Highs since, indicating a sustainable uptrend.
On top of that the MA20 has turned bullish for the first time since the 2018 Bear Market.
Additionally, the short-term bearish fractal posted early this month, got invalidated yesterday:
Are you ready to join the ride?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!