Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause?
Ethereum has been holding steady above the $1,800 level despite multiple failed attempts to break higher. The current price action signals a potential shift, with volatility compressing and momentum building for a major move in either direction. After months of selling pressure and weak performance relative to Bitcoin, analysts now believe ETH is approaching a critical inflection point. Related Reading: Dogecoin Whales Buy 100 Million DOGE In 24 Hours – Demand Signals Growing Confidence Top analyst Ted Pillows shared a key technical observation, highlighting the formation of a long-legged....
Related News
ETH's bullish reversal candlesticks form near a strong support confluence, raising anticipations about a sharp upside retracement ahead. Ethereum's native token, Ether (ETH), looks poised to undergo a sharp upside retracement in the coming weeks after painting a so-called "double doji" pattern, accompanied by a few bullish technical indicators.Ether strong support confluence meets dojisTo recap, a doji is a candlestick that forms when a financial instrument opens and closes around the same level on a specified timeframe, be it hourly, daily, or weekly. From a technical perspective, doji....
The Bitcoin price looks set to enjoy a bullish reversal in January next year, having maintained a tepid price action to close out this year. This bullish outlook for the flagship crypto came as crypto analyst Tony Severino revealed a potential Doji formation, which suggested that BTC could enjoy this uptrend in the new year. Related Reading: Bitcoin ‘Head and Shoulders’ Setup Raises Fears Of $80,000 Price Drop – Details Doji Formation Could Lead To New Year Bitcoin Price Rally In an X post, Severino suggested that a Doji formation could lead to a Bitcoin price rally in the first two months....
Bitcoin price is now up $6,000 from yesterday’s low in a flash. A long wick below support is now left behind, forming a Japanese candlestick formation called a dragonfly doji. With a large follow through by crypto bulls already, a daily close above $36,000 could leave a reversal pattern behind on the charts. But to […]
Bitcoin price is back above $56,000 once again, after a tug-of-war between bulls and bears has led to a bit of a stalemate just as the April monthly comes to a close. The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead. Here’s a closer look at […]
BTC is more than 50% down from its $69,000 all-time high and traders seem to have no clue about the digital asset’s next direction. It is not too late for Bitcoin (BTC) to reclaim its bullish bias as it halfway paints an indecisive 'Doji' candle on the weekly chart.In detail, Bitcoin's price correction this week to below $33,000 had it form a lower wick, suggesting that bulls bought the dip. A sharp retracement ensued and took BTC price to as high as $38,960 on Jan. 27. However, the bulls failed to hold the said week-to-date top for too long, resulting in another wick, but also pointing to....