#Ethereum is about to complete consolidation before the next leg downwards. Target area: $900-390.
The reason for such move is simple. Today ETH closed the 10-day candle, effectively killing the chances to overcome an Identical Three Black Crows (circled) pattern.
The most probable outcome of such pattern – a few periods (each candle covers 10 days) of horizontal development followed by a sharp and sizeable decline. The alternative methods suggest that ETH to target $900-390.
If you still don’t believe in the candle forecasting power – check this Story posted earlier today:
Tune up for ETH Monthly tomorrow.
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