ETH/USD - Neckline broken, preparing to explode. 🚀

ETH broke up the H&S neckline which is BULLISH. This is very good for the overall market and especially alts which have made some nice gains since.

Now we seem to consolidate and re-test this neckline breakout. Once that is completed I'd expect us to move higher towards $1,800 where we have our next significant resistance.

Question is - will we pass this level?

Looking at the daily indicators, ETH seems ready to explode soon. StochRSI is moving nicely higher, RSI the same and MACD is about to do a positive cross on daily... NICE. Once this takes place, then momentum will be on the bulls side and with a bit of volume as we break the $1,800 resistance, we should be right back to $2k and ready to rocket above it.

I am bullish biased for that reason, I think this correction is over and at worst, we will get more consolidation, but I do not see us making new lows... nope.

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