Ethereum Long Term Analysis! Ethereum Monthly Analysis! Bearish Pennant PAttern formation in Ethereum on Monthy Timeframe! If price breaks and closes below trendline support we can see further downmove in Ethereum Ethereum is forming Bearish Pennant pattern. We can see a sharp downmove in Ethereum from 1 dec 2021 after that price is moving in that way...
Wait for structure to develop in ethereum and you can go long/short depending on BO/BD
Ethereum support levels will help you stay cautious at these levels
ETHEREUM (ETH) is indicating another 7-10% fall towards 2297-2198 from around 2384-2405 Range. Possibility will get negated if BTC closes a complete 5 minutes candle above 2405. This Analysis and Trade Setup is based on 38% Retracement Breakout Trading Strategy.
Looking into the previous bull run and the current bull run , its clearly evident that the candle has fallen away from the bull wedge ,
after a huge symmetrical triangle without much effect a ICH, will be interesting to watch.. will consider it as a continuation pattern...