EthereumPanjang
DON'T IGNORE THIS ETHEREUM CHART!
Hi everyone,
I figured it would be a good idea to share this find with the community. I'll explain below what I'm seeing:
RSI - Matches the same pattern as Ethereum during "consolidation" in 2016 before the euphoric 2017 bull cycle
MACD - Oversold levels not seen in years
Duration of Consolidation - As you can see, the duration of the phases circled in white both span about 90 (270 days)
Retracement - Both ranges circled in white had similar pullbacks of about +50%
Bull Market Support Band - Right before the start of a new bull phase in 2016, the PA trended below the BMSB before breaking out (we are currently at this point when comparing the two)
Obviously this isn't to be taken as FA, but it could be a very unique and rare opportunity to enter the market/add to your position as a bull/long term holder.
Let me know your thoughts!
Twitter @illusivetrades
I figured it would be a good idea to share this find with the community. I'll explain below what I'm seeing:
RSI - Matches the same pattern as Ethereum during "consolidation" in 2016 before the euphoric 2017 bull cycle
MACD - Oversold levels not seen in years
Duration of Consolidation - As you can see, the duration of the phases circled in white both span about 90 (270 days)
Retracement - Both ranges circled in white had similar pullbacks of about +50%
Bull Market Support Band - Right before the start of a new bull phase in 2016, the PA trended below the BMSB before breaking out (we are currently at this point when comparing the two)
Obviously this isn't to be taken as FA, but it could be a very unique and rare opportunity to enter the market/add to your position as a bull/long term holder.
Let me know your thoughts!
Twitter @illusivetrades
Penafian
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