Yesterday I made a short-term analysis on ETH and the fact it was trading in a bearish triangle pattern. Both targets have been hit, congratulations if you took the trade.
In this analysis, I want to zoom out a bit. Now that we're trading below the September lows, supported by terrible macro news, I think the bearish trend will continue for a while. I think that we're going to revisit the capitulation lows of last summer at the very least. Potentially even lower, but we'll see by then.
In this analysis, I want to zoom out a bit. Now that we're trading below the September lows, supported by terrible macro news, I think the bearish trend will continue for a while. I think that we're going to revisit the capitulation lows of last summer at the very least. Potentially even lower, but we'll see by then.
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