【ETHJPY】Lower price trend continues
In the post dated August 11 titled “ETHJPY: The ongoing band-walk to the downside,” it states that from August 7 the decline accelerated, following the lower Bollinger Band at minus 2 sigma, pushing the price to new lows and pushing it into a space with no notable support candidates, effectively dropping into a void. Since then, the price has continued to set new lows, formed a small rebound with a lower wick, but still formed a bearish candle, indicating the band-walk may continue for a while yet. I will also be watching today to see whether a new low is reached.
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