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Golb
11 jun 2021 21:39

ETH leading 

Ether / United States DollarCoinbase

Beskrivning

On the monthly chart there’s a candle I can’t ignore. When ever I’ve seen a candle that takes out both the high and low of the previous candle at the top of a trend is usually an indication of a pending correction.
I’m not saying bear market but a candle like that deserves a little attention, the fact that a majority of alts look like they want to fall off a cliff is not a good sign.
It’s a confusing time in the market but I would prefer a correction sooner rather than later.
Kommentarer
kaotic363
It's a long-legged doji which is interpreted as a bearish candle..
Golb
@kaotic363 I’m definitely leaning towards shorts in the medium term. I’ve never seen one that large definitely never seen one on a monthly chart. Things are about to get interesting.
Mer