The crypto bulls have been letting me down a little bit, but I don't think they're done yet. Initially I was thinking the signs were a lot more clear to see upside continue right off the bat. The bulls are showing though that they are letting the bears test them.
The volumes have been pretty low, so we can chalk this up as a bull flag, but it's still pretty odd and I was NOT expecting this type of pattern and shape. We have several levels of support to check though and I'm pretty confident we will see a longer hold and have this play out.
Back at the end of March, We saw a near similar thing when longer daily RSI's were oversold. It took a while for the markets to hold longer and find the rally support to reverse the prices when we saw ETH more than double during the run up. I don't believe we will see that same thing play out, but I do know that a rally and rise is still on the horizon.
Hope everyone has a great weekend and a happy Friday!
