Ethereum 4 hr tf analysis
A logarithmic scale is shown in this analysis capturing price action in Ethereum for over 8 months from January 13, 2018 till present date.
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 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.
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