Historical ETH correction patterns
- In the previous bull run, ETH had two corrections that (1) bounced off of the daily EMA ribbon and then (2) further dipped to the 200-day EMA .
- The price ranges from the top were 66% and 50% for July and September 2017, respectively.
- So the historical pattern is: (A) dip below daily EMA ribbon, (B) bounce, and then (C) further correction to the 200 daily EMA .
- The price ranges from the top were 66% and 50% for July and September 2017, respectively.
- So the historical pattern is: (A) dip below daily EMA ribbon, (B) bounce, and then (C) further correction to the 200 daily EMA .
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