Ethereum Weekly Leaves No Room For Doubt!

6 hari lalu

While Bitcoin is waiting to give us the final signal, Ethereum (Ether) is already there, leaving not a shred of doubt as to how this week will close.

The current session has a long upper shadow, a very long one, and the action is already happening below the weeks open, giving us a bearish candle. Last week closed red and this week started green but is ending red.

Wait, the week is not over, it closes tomorrow. If you see a strong rise and a close above $2,600 than this bearish candle is completely nullified and we can say ETHUSDT is on the path for a new high and growth. But, while the market stays as it is now, it is pointing down so down we go.

Market conditions can always change. Change would mean Ethereum going bullish from being bearish. Being bearish means negative/down.

Market conditions can always change but they have not changed, the chart potential is bearish, most the Altcoins are bearish and moving lower, Bitcoin is likely to do the same.

Market conditions can always...

Wait!

Thank you for reading.

Namaste.