ETH is entering a strong bull?

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A bull is happening with ETH

On the chart H4, the pair ETHUSD ended its fluctuation in the support zone and started entering the 1st Elliot Bullish Wave. As marked in a red rectangle, after the inside bar created within the mother bar structure, the Pin bar formed right after as a false-break. This might be a bullish Fakey buy signal formed at the confluence of the key support level. Moreover, the Stochastic chart has skyrocketed to the overbought zone, which means the bull still overshadows the bear.  The price is expected to continue its uptrend to the resistance level of $560.

Written by nami.today

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