- Seems ETH/USD just break out from bullish flag pattern and expect $ 342 if this pattern work out.
- There's 2 trendline aligned with price movement. broke these line result a short term bearish posture in price action.
- Orange line is Golden Ratio Fibonacci line (Fibonacci sequence x 1.618) and short term fibonacci (white) see the chart for self explanation Possible Projected price and potential resistance and support for short term
Indicators :
- DMI : +DI above -DI which is a good sign for bullish trend and ADX still relative low, below 25
- MACD : macd line hover around bullish area and now its pointing upward, also the buyer histogram is still relative low for now.
- RSI : is still made a lower low in long term and it's seems moving on bullish area 40 - 80 value
_Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace._