ETH is Out of The Woods! Bull Market Moon Time!

ETH just bounced off LONG TERM upward trend line and yellow neck line of head and shoulders .

Also, since we are bouncing off a major white trend line, I think that line has much more precedence than the blue line and therefore technically I think we are on the way out of the current bear market.

ETH is now making its way towards retesting ceiling at 560-600 levels, if it gets past that ETH would be officially in Bull territory.

But ETH should be good to go after 600 levels to move past blue long term trend line . Finally, after the 7% bounce from earlier yesterday morning, market sentiment is also officially more bullish than usual, and this is a hunch but I believe that is also another indicator that we are on our way to moon ville.

Obviously other things can happen, such as not being able to get past major resistances in the upper 500 level, and perhaps going back downward but I am pretty optimistic that we should at least touch the blue trend line very very soon and hopefully break free or get one more round of destruction by the bears.