Ethereum : Is the bottom in yet??

in cryptocurrency •  7 years ago  (edited)

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.

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cryptocurrency altcoins bitcoin money ethereum
7 years ago by

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      ·  7 years ago 

    Thank you for all of these Nice work :)

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      1 vote
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        ·  7 years ago (edited)

      your welcome. Appreciate your kind words. Feel free to follow me for daily updates

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          ·  7 years ago 

        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!

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          1 vote
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            ·  7 years ago (edited)

          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

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            1 vote
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              ·  7 years ago 

            You got a 9.39% upvote from @minnowvotes courtesy of @tradewithtechie!

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                ·  7 years ago 

              Makes sense, ICOS are doing well... thats ETHs main use case

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