WOW.... Ethereum is actually so boring to watch now. Looking at the daily chart we see it is stuck in a forever lasting descending triangle. Also, I have added a new indicator that I think is very useful and that is the Ichimoku Cloud. This cloud is telling us that Ethereum still is in a downtrend and has strong resistance at the cloud where the green outlines the cloud.
Whenever the cloud is thicker that is indicating to us that there is strong resistance and we are more than likely headed back down. As I continue to post more charts there will be different thicknesses of the clouds and that is important, so are the the other indicators. I would highly recommend going on YouTube and looking up the Ichimoku Cloud if you are confused by the other indicators. I am referring the main one which is the cloud for now.
Whenever the cloud is thicker that is indicating to us that there is strong resistance and we are more than likely headed back down. As I continue to post more charts there will be different thicknesses of the clouds and that is important, so are the the other indicators. I would highly recommend going on YouTube and looking up the Ichimoku Cloud if you are confused by the other indicators. I am referring the main one which is the cloud for now.