Take a look at the video below:
In addition to the video highlights listed below the video, we also analyze ETHUSD using the Ichimoku, Bollinger Bands, Moving Averages, and other technical tools.
Comparing the 2018 bear market with the current price action better aligns with the bullish move, but it is worth preparing for a final move down.
Coincidentally, the bottom was also already in when the 50 and the 100-week moving average death crossed. This also triggers next week regardless of where Ether goes next. The only problem is that the 200-week moving average is posing as resistance currently at $1,308.
If not, the wedge pattern could be at risk of breaking down. Down to where? No one really knows.