In 10 days the quarterly and semi-annual candles will be formed. As you can see on the chart above, they look terrible, scary bearish. However, the chances of recovery are not at zero level yet.
If ETH rallies about 100% in the next 10 days, the quarterly candle might flip neutral.
It is more difficult for the biannual candle though. The coin needs to rally about 113% just to make the formation less bearish. For making the formation bullish, a 175% rally is a must.
As I said, the odds are not zero. Yet.
$ETH – Art of Forecasting:
You follow @InvestingAngles – we offer the best forecasts!