Summary:
Ethereum is one of the most popular crypto currency after bitcoin and stands 2nd in ranking with around $81,107,964,800 Market cap. It has been in correction lately and looks like its not over yet.
Pattern Analysis: ETHBTC
ETH/BTC pair show a Head & Shoulder formation on day chart with a inclined neckline. Pattern target zone to the downside is 0.049 - 0.043 BTC.
Pattern Analysis: ETHUSD
ETH/USD chart also show H&S pattern but is still in formation of right shoulder with neckline at 803ish level, which us a downside target of 703ish level. Volume has been on the lower side these days on ETH and more indications to the downside are getting stronger.
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Disclaimer:
I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.
