Long

ETHEREUM Indications that the Bull Rally is starting

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:

$ETHEREUM Bearish fractal and how it is invalidated$

Are you ready to join the ride?

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