Ethereum Corrective Pattern, Bounce, Capitulation, Daily Chart

14 באפר׳ 2022

This correction wave on Ethereum (ETHUSD) is just getting started... Let's be patient.

Let's allow for the market to correct in April and we can focus more on another bounce late this month and some bullish action in May to finally see the capitulation phase take place this summer... Wait, too much speculation, let's focus on the chart.

We have ETHUSD moving below EMA50 today and we expect more bearish action.

We look at the raising/black trendline as potential target.

Namaste.