Ethereum : Is the bottom in yet??
Summary:
Ethereum is one of the most popular crypto currency after bitcoin and stands 2nd in ranking with around $81,107,964,800 Market cap. It has been in correction lately and looks like its not over yet.
Pattern Analysis: ETHBTC
ETH/BTC pair show a Head & Shoulder formation on day chart with a inclined neckline. Pattern target zone to the downside is 0.049 - 0.043 BTC.
Pattern Analysis: ETHUSD
ETH/USD chart also show H&S pattern but is still in formation of right shoulder with neckline at 803ish level, which us a downside target of 703ish level. Volume has been on the lower side these days on ETH and more indications to the downside are getting stronger.
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Disclaimer:
I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.
Thank you for all of these Nice work :)
your welcome. Appreciate your kind words. Feel free to follow me for daily updates
Hopefully, Ethereum will turn bullish in a few weeks. In the long term, I really think the crypto has great value and I hope it can go on to reach greater success. Thanks for the analysis!
I hope so too, the fundamentals are so strong and lot of ICOs are based on ETH blockchain too. Lets hope for the best.Feel free to follow me for daily updates
post was resteemed by @wayforhappiness
thanks for the resteem. appreciate it.
we dont stop post was resteemed by @wayforhappiness
post was resteemed by @wayforhappiness
You got a 9.39% upvote from @minnowvotes courtesy of @tradewithtechie!
Makes sense, ICOS are doing well... thats ETHs main use case