Formation of Doji, indecisiveness visible. Could it be early sign of reversal? Ethereum, the second largest cryptocurrency by market capitalisation, has formed a doji on the charts, a sign of indecisiveness among the bulls and as well as bears, which is also a sign of exhaution and consolidation. ETH/USD is trading flat on day at $432.638 and in a narrow trading band of $430 – $435, just about one percent – clear sign of no direction. Formation of doji chart pattern on Friday and throughout last week, is a sign that neither bulls nor bears are sure of the future direction of this crypto. Although, this formation is also a sign of continuation of trend, but given that this price correction has been going on for months, chances of a reversal from here can’t be ruled out. ETH/USD daily chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin price analysis: Another fall below $6,000 likely; New York approves new power rate structure for crypto miners FX Street 5 years Formation of Doji, indecisiveness visible. Could it be early sign of reversal? Ethereum, the second largest cryptocurrency by market capitalisation, has formed a doji on the charts, a sign of indecisiveness among the bulls and as well as bears, which is also a sign of exhaution and consolidation. ETH/USD is trading flat on day at $432.638 and in a narrow trading band of $430 - $435, just about one percent - clear sign of no direction. Formation of doji chart pattern on Friday and throughout last week, is a sign that neither bulls nor bears are sure of the future… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
