Ethereum ‘double Doji’ pattern hints at a 50% ETH price rally by September By Cointelegraph
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Ethereum ‘double Doji’ pattern hints at a 50% ETH price rally by SeptemberEthereum’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.
To 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, a Doji represents indecision in the market, meaning a balance of strength between bears and bulls.
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Ethereum ‘double Doji’ pattern hints at a 50% ETH price rally by SeptemberEthereum’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.
To 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, a Doji represents indecision in the market, meaning a balance of strength between bears and bulls.
Continue Reading on Coin Telegraph
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