#Ethereum = Weekly Analysis = 12.09.2021 $ETH #ETH #investing #cryptocurrency #crypto #trading

ETH closed closed the week with a Dark Cloud Cover. The odds are bearish and ETH is expected to make a confirmation next week. Let’s explore the details.

CANDLES

Monthly (unchanged)
The July’s candle shifted the odds back to the bulls and the candle in August just confirmed this hypothesis. The price, though, went a bit far from the 8 EMA line and RSI is grossly overbought. Expect higher prices in September, but it does not mean that ETH would close with a green monthly candle.
Odds: Bearish-Neutral

Weekly
The weekly candle is a strong Dark Cloud Cover. ETH stopped short from completing a bearish Engulfing that would elevate the bearish odd greatly.
The indicators support a continued decline.
Still, from candles perspective, a confirmation is required and there are two levels for confirmation and rejection.

Next: levels to watch, daily candles, short and long term projection of waves, targets and possible timelines.

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