Since our last review, Ethereum hasn’t decided on the strategic direction of the future rate movement.
The intrigue is all about which of the Elliott wave we are on (see the previous review on Ethereum in the related idea).
Medium-term decline channel remains. The local growing channel is new and it’s a more straight one.
The oscillations are damped.
Ethereum quite weakly reacts to the bull game of Bitcoin.
Technically, now it is difficult to make an adequate decision to open a position.
At the same time, if there is Faith, beliefs, or something about Ethereum and determining the direction of long-term movement in your mind, then this market, with damped oscillations, is a good place for opening a position.
Technical analysis recommendation: wait for an exit from consolidation and only then join the movement.
We wish you profitable deals and follow our reviews!
The intrigue is all about which of the Elliott wave we are on (see the previous review on Ethereum in the related idea).
Medium-term decline channel remains. The local growing channel is new and it’s a more straight one.
The oscillations are damped.
Ethereum quite weakly reacts to the bull game of Bitcoin.
Technically, now it is difficult to make an adequate decision to open a position.
At the same time, if there is Faith, beliefs, or something about Ethereum and determining the direction of long-term movement in your mind, then this market, with damped oscillations, is a good place for opening a position.
Technical analysis recommendation: wait for an exit from consolidation and only then join the movement.
We wish you profitable deals and follow our reviews!
