The calm before the battle.

Hey guys, so everything is going fine with ETH. Unlike BTC, the movement here was expected, and in case you missed my latest analyses about BTC or ETH, the links to them are below. Also, I invite you to follow me to keep in touch with our trades and analyses. My Twitter has a lot of content too, you may find interesting.

Some people may get worried with this candle, but this is perfectly normal, because the price is close to the purple trendline again, and it’s a good candidate for resistance. But, in my opinion, there’s no true bearish sign for us to sell our ETH, and today’s candle means nothing more than “balance”. The bears are testing the bulls, they need to know if we will have the strength to keep up the trend.

Take a look at the hourly chart:


ETH is trading under the black and yellow lines, in fact, the bulls almost passed through the black line today. And that’s it. This movement is just “the calm before a battle”. Until then, we should just wait for more signs.

Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.

Thank you very much.

* LIKE this idea and FOLLOW me, because:

- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *

* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *