As Ethereums price movement comes to the end of its horizontal triangle trend the indication is that a sharp correction will take place. This seems to be confirmed by the double gann fan analysis where Ethereums price movement has been moving between a resistance line held by the longer term gann fans 2/1 support line and the shorter term gann fans 8/1 line acting as a resistance line. Considering the sharp rise in Ethereum in the past few months in addition to the recent decline in momentum theres an indication of a sharp correction soon to take place/
Comments
BUENOO
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Do u have any prediction on the downtrend ?
dalanfsu
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Interesting! I feel we are in for more bear as well. Thanks for publishing!