quantmaven

Ethereum: One Last Downtrend (part 2)

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BINANCE:ETHUSD   以太坊
Ethereum is currently doing a symmetrical triangle for its intermediary wave 4 of that long downtrend that began in early July. The rally we are seeing today is just a bull trap that could reach as high as 1925 in the upcoming hours. Monday early in the morning we should have some bad news that would break that triangle and make Ethereum fall to the 1400-1500 level. This would mark the end of the downtrend and possibly the whole correction that began in April as well.
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