ETH Double Bottom????
Updated
The previous analysis that I made stated that there was a correction in the 1H timeframe ETH price using the Elliot wave concept, now there is one interesting thing that (maybe) can happen if there is a reversal in the ETH price movement which can be seen from the double bottom pattern.
Let's see,
orange = EMA 20
grey = EMA 51
red = EMA 200
Let's see,
orange = EMA 20
grey = EMA 51
red = EMA 200
Note
If the pattern fails, it will form a descending triangle to continue the short-term bearish trend tren
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