ETH: A Small Bullish Correction Or A Bullish Movement?
ETH: A Small Bullish Correction Or A Bullish Movement?
Price completed a bullish harmonic pattern on the 4-hour chart!
The price peaked on January 12th near $2717 and since then the price has declined by nearly 20% in about 14 days.
After this major move down, Ethereum may start any upward corrective move before resuming the decline, but it may also resume the uptrend.
This is difficult to predict at this point but it should become clearer once the price develops more.
You may find more details on the chart.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Price completed a bullish harmonic pattern on the 4-hour chart!
The price peaked on January 12th near $2717 and since then the price has declined by nearly 20% in about 14 days.
After this major move down, Ethereum may start any upward corrective move before resuming the decline, but it may also resume the uptrend.
This is difficult to predict at this point but it should become clearer once the price develops more.
You may find more details on the chart.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached:
Trade closed: target reached:
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