Ethereum ‘double Doji’ pattern hints at a 50% ETH price rally by September
Cointelegraph
Published Jun 08, 2022 09:28AM ET
Updated Jun 08, 2022 02:00PM ET
Ethereum'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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Written By: Cointelegraph
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