Title is pretty telling but here is the closer view of what I was talking about in my previous post. Also you can see the EMA ribbon flipped yellow over red much clearer. A gorgeous back test of resistance eth has now flipped into support. Textbook. This is bullish. LONG.
Eth has just recently broken out of the upper, downward sloping resistance of its macro symmetrical triangle. Ema ribbon on the 4hr has flipped, (yellow over red = bullish). If I knew how to put two charts in one “idea” I would zoom in and show you all the perfect back test of resistance that it has flipped into support but I’ll just publish that as a separate...
The last time btc was stuck between the 21 day EMA and the 20 day SMA, orange and yellow lines, you can see what followed...expect something similar in the immediate short term. 2-3 days. This is bullish. LONG