ETH going to hold the 0.5 FIB!
ETH has ran up with 3 green candles pushing through the top resistance of the pennant and aswell as the 0.5 FIB Level, i talked about this in my last TA for eth. We seem to be solidly holding the 0.5 FIB now and we will have to get that confirmation soon, this is a pretty solid support, resistance level imo. Our RSI bounced off the 50. point and we are slightly coming down. we are due for a nice breakthrough into bullish territory after not since later May. The MACD saw a bullish cross recently and we are starting to see nice separation on the MA's bit is still to early to really know. Last the EMA ribbons are very important as they show momentum bullish and bearish and while ETH being in the minority of coins that didnt start to flip bearish with the ribbons we are showing very good resistance from the bulls. We do have to watch these though because if we we're to see a full flip bearish we could be seeing some heavy downside, i feel when the EMA ribbons squeeze hard like this there is momentum building and we are likely to see a pop soon whether that be staying bullish or flipping bearish. NFA just my opinion!!
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