Double Bottom: Bullish Move in Etherium
As per my last analysis, etherium has broken the 2400 resistance.
The price pumped almost to the 2700 mark before falling down for a sharp correction.
Meanwhile, you can see a double bottom pattern forming on the daily chart as well as the one hour chart.
This signifies a major upward movement with a potential of breaking out the 2900 level which has been the ATH for some time.
The ema at 2400 level which can be seen on 4 hour time frame is confirming that price won't fall below 2400, hinting the upcoming trend.
Now, it is difficult to time the market, but next few weeks seems to be promising, if no major manipulations occur.
The price pumped almost to the 2700 mark before falling down for a sharp correction.
Meanwhile, you can see a double bottom pattern forming on the daily chart as well as the one hour chart.
This signifies a major upward movement with a potential of breaking out the 2900 level which has been the ATH for some time.
The ema at 2400 level which can be seen on 4 hour time frame is confirming that price won't fall below 2400, hinting the upcoming trend.
Now, it is difficult to time the market, but next few weeks seems to be promising, if no major manipulations occur.
Feragatname
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