Rejection of long term big support both horizontal and ascending. Just what you want to see, especially with BTC chuckling out ATH daily.
Below all daily 200/50/20 MAs at support and now challenging them. 1400 MA represents weekly 200MA which is around 40 and on the roof of that developing asc .
Oscillators look fine and at low point.
Broke out of long term downward resistance, bumping and running.
All looks very and if 40 breaks, can see not much in the way of 80.
Hopefully easy to understand the messages here. The 23-25 long term horizontals again show strong support.
One to watch in 2021 and TA wise, just looks beautiful. Can chop inside the asc and nice confident support seemingly.
I think with staking, eth 2 etc. 2021 is going to be a strong year for eth and even if these targets hit with lower $, it still looks mathematically marvellous.
Measured move is same % increase as the height of the asc from top of the asc if it breaks. so 0.1 territory.