Hi everyone
As we discussed in the ethereum analysis, an evening star candle pattern had formed on the weekly timeframe.
This week we start losing 5% of the price. At the moment it seems that the candle pattern is being respected.
I am still waiting for 3502 before positioning myself in any operation. I am not going to position myself for sale since the monthly trend is too vertical in my opinion.
In the event that we reach that level we would have a retracement of the same size as the previous one and we would find the level 0.618.
As we discussed in the ethereum analysis, an evening star candle pattern had formed on the weekly timeframe.
This week we start losing 5% of the price. At the moment it seems that the candle pattern is being respected.
I am still waiting for 3502 before positioning myself in any operation. I am not going to position myself for sale since the monthly trend is too vertical in my opinion.
In the event that we reach that level we would have a retracement of the same size as the previous one and we would find the level 0.618.
