What do we have with this chart?
ETH is one of the assets that lost most of the market cap in recent days, more than 53 billion dollars have gone ethereum since May 2018
The last time it was so oversold, made the price of having a bounce of more than 100% in a few days
Bear Market Still not over yet
The Price will follow BTC, if BTC goes down
The "hammer" candlestick means bullish reversal of trends
STOP LOSSES ARE VERY IMPORTANT IN BEAR MARKETS
http://d.stockcharts.com/school/data/media/chart_school/chart_analysis/candlestick_bullish_reversal_patterns/bullrev2-hammer-nke.png
ETH is one of the assets that lost most of the market cap in recent days, more than 53 billion dollars have gone ethereum since May 2018
The last time it was so oversold, made the price of having a bounce of more than 100% in a few days
Bear Market Still not over yet
The Price will follow BTC, if BTC goes down
The "hammer" candlestick means bullish reversal of trends
STOP LOSSES ARE VERY IMPORTANT IN BEAR MARKETS
http://d.stockcharts.com/school/data/media/chart_school/chart_analysis/candlestick_bullish_reversal_patterns/bullrev2-hammer-nke.png