ethhunter
Long

Future of Ethereum?

BITSTAMP:ETHEUR   Ethereum / Euro
First off, this is not a technical analysis , but a overview of the history.

So whatever happens in the day to day basis is just a drop in a ocean here.

However, one can argue that history is not really a good measure of the future, that said, this is merly a reference what has happened before.

I like patterns and analyzing them, from my perspective this is what i see in the long term.

Each time we have been faced with 2 red candles we have been in for a serious ride up, so what will happen next? Who knows.

What i can tell is that when/if next bull run happens, it's not gonna be like any other, thats what i think.

Comment: The pattern on the weelky resembles the candle formation of a 'Morning Star'

A morning star is a bullish candlestick pattern that consists of three candles. The first bar is a large red candlestick located within a defined downtrend, the second bar is a small-bodied candle (either red or white) that closes below the first red bar, and the last bar is a large white candle that opens above the middle candle and closes near the center of the first bar's body.
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