Just looking at the Weekly MACD indicator, two things are apparent. The first is the higher lows the red histogram bars are making..this is bullish! Remember, the histogram bars are my early or leading indicator for how the 12 week (white line) and the 26 week (red line) lagging indicators will behave. The 12 week (white line) is also beginning to show signs of flatenning out...this is bullish because it shows that it's following the lead of the histogram bars.
I've drawn out the potential pathways for the white and red MACD lines. The rally from now into July or so should flash a fantastic weekly buy signal. At what level might the ETH price be in July? All Time New Highs, anyone?
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