Eth might have actually capitulated on September;
-Broke the main downtrend line
-Daily bullish hammer on its line of life:
-Weekly bullish candle on the line of life:
But :
Ether is on a daily, and weekly bear market, Daily Smma's and Weekly Smma's are still pointing downwards
Conclusion: there is a chance there was an overall market capitulation.
Ether could have bottomed, especially if the majority of icos were panic sold, and if the majority of buyers panic sold expecting Ether to reach a target below 100$ and/or close to zero.
I would give it a 50-50.
A start of buy opportunity.
-Broke the main downtrend line
-Daily bullish hammer on its line of life:
-Weekly bullish candle on the line of life:
But :
Ether is on a daily, and weekly bear market, Daily Smma's and Weekly Smma's are still pointing downwards
Conclusion: there is a chance there was an overall market capitulation.
Ether could have bottomed, especially if the majority of icos were panic sold, and if the majority of buyers panic sold expecting Ether to reach a target below 100$ and/or close to zero.
I would give it a 50-50.
A start of buy opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.