We just broke out of this major descending triangle about four days ago to be exact and this is extremely bullish for the short term time frame for ethereum you this first to see how bullish this is that even though we were in a majorly bearish pattern which is typically a descending triangle
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Ethereum Buying Power
We actually got a bullish breakout out of it and that just shows how much buying pressure how much buying power was actually happening during this consolidation period we're still getting resistance we are want to see us actually getting support right we had your support on this blue box i can go on for days how many times we actually got support on that box right and now we're actually getting resistance on that box again
We got resistance and now we're getting resistance on it again i want to see us break above this blue box and confirm it as supports before moving up again that's what we did each time back here what we did right here before we got to move up i think that's what we need to do before we get our next bullish move up is actually to break this blue box for good and then go up and then come back down and actually retest it as support
We make a higher high that it's we always want to see us make old resistance as new support because it kind of makes this kind of stair step pattern all the way up where if we do fall then we have some major support holding us up and we don't just have a major line if we go straight up from here and then we get you know we come go straight up to our last local high we just come straight back down through it because we didn't build any type of support in this area
