Ethereum – The Triangle of Death
In what looks like a possible wave 4, descending triangle correction, it appears as though Ethereum is projecting a lower-low is in the future before the end of this bear market correction.
With volume declining, the MACD looking very week and the short-term MAs still falling below the longer-term MAs, the trend is still quite possibly lower. If price breaks down below the prior low of $1701, then there are a few natural targets for the low point: $1,455, $1,136 and $875.
What do you think? Does the Bear Market still have some potency and is Ethereum projecting a new low is coming soon?
With volume declining, the MACD looking very week and the short-term MAs still falling below the longer-term MAs, the trend is still quite possibly lower. If price breaks down below the prior low of $1701, then there are a few natural targets for the low point: $1,455, $1,136 and $875.
What do you think? Does the Bear Market still have some potency and is Ethereum projecting a new low is coming soon?
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