Possible move up to form first shoulder of inv. HS, based off BTC's movements. Prediction that BTC will move to test 6400, bringing ETH along for the ride. Overall downtrend is still heavily intact, and will not move much further past current trendlines. A confirmation of resistance will send both back down, possibly creating the head.
Being in such an oversold state, a bullish sentiment is filling the air. The downtrend, however, is undeniable, and incomplete. More downside is in the cards... ETH should eventually find itself at $310.
Being in such an oversold state, a bullish sentiment is filling the air. The downtrend, however, is undeniable, and incomplete. More downside is in the cards... ETH should eventually find itself at $310.
Commentaire:
Time frame appears to be a bit off, still looking to see a small move up to the 380 range and a larger push down