ETH/USD Bullish Breakout imminent
ETH/USD is in ascending trianglearea and the price action did break the triangle and 200 EMA (175 $) ..
Now it's start to descend into 200 EMA for a last change buy opportunity in my opinion..
Higher high and higher low and it's currently test a support for 200 EMA until it's momentum to upside is gathered.
Also 20 and 50 EMA is ready to cross 200 EMA to create a golden cross which will happen within this month.
From indicators :
Macd is looking great and still building its buyer momentum
RSI is currently above neutral zone which is bullish but still in progress in retracement
CMF is still below 0 and it's still in retracement mode
in any change trend can turn into bearish quickly if if the price drop below 200 EMA ($175) 20 EMA 1($168) 50 EMA ($150 )..
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.