The reduced buy volume is a clear sign for reversal in trend. The price might move a little up till the point of previous shoulder and then a downtrend is expected.
This pattern will fail if a sudden surge in buy volume is seen and if the neckline is not broken.
All the current technical analysis show only one particular thing in common, ETH is having a bad time given the reduced amount of volumes and other analysis.
The 4H chart of ethereum shows a clear sign of following trend.
Support levels of ethereum can be expected to be around 400-500 levels.
The instrument is in a consolidation phase with a bullish bias. The price action shows that it is pulling at the ropes to push through higher but it has been held back by the bearish phase in the cryptos. On the technical side, a break through the $1160 region should lead the prices higher into the $1240 region which should act as the next region of...
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Its broken downtrend ive been waiting for this for a while its altcoin...