Ethereum 4 hr tf analysis: The only chart pattern to focus on for now

in #cryptocurrency • 6 years ago

A logarithmic scale is shown in this analysis capturing price action in Ethereum for over 8 months from January 13, 2018 till present date.

Ether.png

The most evident chart pattern is the bear channel indicated. Physical measurements based on the chart pattern are best done on an arithmetic scale with the most conservative bullish position being a breakout above the top the channel.

A break below the channel on the other hand is the most conservative way to explore the possibility of more bearish momentum in Ethereum.

The price chart is reminiscent of the post on Ethereum (that can be found here: https://wordpress.com/post/coinanalyst.investments/549), which called for over 400 points drop in Ethereum with the bottom region of price also accurately forecast.

Also check out the previous analysis of Bitcoin below:
https://steemit.com/bitcoin/@cryptotrader0029/bitcoin-analysis-more-downside-possible

Interested in the AUDJPY (FX)? Analysis is provided below:
https://coinanalyst.investments/2018/09/06/audjpy-investing/

#trading #crypto #steemit #investing
6 years ago in #cryptocurrency by
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