14 July ETHUSD Price Technical Forecast: Is there an early sign of reversal?


ETHUSD is trading flat on the day at $432.638 after been battered by overarching selling activity, especially during the week. At the moment, is there an early sign of reversal? What is explained in today’s 14 July ETHUSD Price Technical Forecast?

14 July, GKFX – 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 exhaustion and consolidation.

14 July ETHUSD Price Technical Forecast

ETHUSD 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.

ETHUSD daily chart:

Disclaimer

This article 14 July ETHUSD Price Technical Forecast was provided by GKFX. The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you, then this should be solely at your discretion, and GKFX will not be held accountable in any way.

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