Ethereum finds bottom?
Ethereum finds bottom as price slides down after completing the pennant formation. The downtrend for Ethereum is likely to break in the next leg up as the gap between bottom and downtrend closes.
Price now is not expected to fall further as RSI is oversold and we are almost on verge to see it popping out of trendline.
Yes, this is the CAN be the time to buy :)
Note : Trade at your own risk, price falling below the bottom will only mean a continuation to downtrend pattern
It's nice to see some technical analysis that actually produces a conclusion,
and not just something that says "this has formed, price could breakout up, or down from here".
I hope you're right that this is the Ethereum bottom, market has been quite shaky this week.
This is the bottom , this must be ;)
Very technical and insightful
Thanks :)
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@shafay thank you for share your thoughts. I particularly have a little different opinion about the bottom, in this moment. I’ve posted about that yesterday. I’d to share my opinion here for we discuss about it.
Ethereum below of $ 790, I consider as most likely one more going to support around $ 650 to gain strength for a recovery move.
This can happen if the price doesn't squeeze at this time. Yes the bottom is thin, but an oversold RSI can help maintain the current price.
I agree with this case :)
Thanks friend :)
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