For a long stretch now, we have seen that ETH has been going downhill. The bears have been in control for so very long. On the day chart, we have a divergence. This means that the bears are exhausted and the bulls will take control for a while. On the weekly chart, we see the divergence even more clearer and that just confirms that the bulls will start to be in control. Remember though, the bulls will control for a while only. The bears will continue the downtrend. If we look at the bb, we see that the pattern is bearish. Expect an estimated 20% gain or roughly around $250usd mark before a reversal. After that, the bears will be in control again.
The market has not yet changed. My TA on August the 22nd still stands.
Good luck trading. As always this is not a signal to buy or trade. DYOR
The market has not yet changed. My TA on August the 22nd still stands.
Good luck trading. As always this is not a signal to buy or trade. DYOR