ETH broke out of the 9 month widening cone
Cone started with the March black swan event. Target of the cone is $1250.
The weekly candle has not been matched since the bullrun of 2017. All this is very bullish.
However the RSI is at the same level as 2017 ATH and it is in a rising wedge which hints of a large drop. The conflicting signals will be sorted out with the behavior of BTC, BTC levels outs, it is alts season, BTC pumps further Alts season is delayed, BTC drops it is Alts doomsoon.
The weekly candle has not been matched since the bullrun of 2017. All this is very bullish.
However the RSI is at the same level as 2017 ATH and it is in a rising wedge which hints of a large drop. The conflicting signals will be sorted out with the behavior of BTC, BTC levels outs, it is alts season, BTC pumps further Alts season is delayed, BTC drops it is Alts doomsoon.
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