In last review on Ethereum we asked ourselves a question: “On what trend is the consolidation?”
Since then Ether became a bit cheaper.
However, by all accounts, it has not given the answer to the question about medium-term direction.
Trend indicators give signals to sell both on weekly and daily charts.
There is a movement down but it is uncertain and with great rebounds.
On more detailed chart we can see price alignment of forces: buyers become active below $ 500, sellers become active above $ 500. It seems that the market has found equilibrium price for the nearest future.
Visible borders of consolidation are $ 360 - $ 800. Very great movement with good reasons is needed to come out from them.
Wish you profitable deals and follow our reviews!
Since then Ether became a bit cheaper.
However, by all accounts, it has not given the answer to the question about medium-term direction.
Trend indicators give signals to sell both on weekly and daily charts.
There is a movement down but it is uncertain and with great rebounds.
On more detailed chart we can see price alignment of forces: buyers become active below $ 500, sellers become active above $ 500. It seems that the market has found equilibrium price for the nearest future.
Visible borders of consolidation are $ 360 - $ 800. Very great movement with good reasons is needed to come out from them.
Wish you profitable deals and follow our reviews!
