Hey all so getting right to work after making my steamit account. For hodlers, you probably already know but Ethereum is on a downswing. I do personally expect it to go up but that is my emotion speaking not my head. Here is what analysis shows:
There are three (actually four lol) black cows. That formation points to a downward bearish trend. I like to look at trends over a daily basis, I find it to be a lot more reliable than say hourly trends. However if you are an active trader I would recommend using shorter candlesticks to take advantage of the volatility on a hourly/daily basis