Quick idea here, I love repeating patterns. Is Ethereum doing that now?
Look at the similarities on the chart.
If this is the case, we can expect a move back up just below ATH, and then potentially a move towards a new ATH at >7k.
Depending on where the present candle closes, the neckline of the W may need adjusted to be more diagonal, which would lower targets. Or, it could just fail to stay above and invalidate this idea.
Look at the similarities on the chart.
If this is the case, we can expect a move back up just below ATH, and then potentially a move towards a new ATH at >7k.
Depending on where the present candle closes, the neckline of the W may need adjusted to be more diagonal, which would lower targets. Or, it could just fail to stay above and invalidate this idea.
Nota
For confluence, Ethereum / Bitcoin pair has a confirmed inverted HS that only ever reached it's TP 1 or 1x measured target. Typically an inverted HS would reach at least 1.5x or TP 2:Nota
Eth dominance chart also lends confluence to this idea, having a nearly identical chart to the eth/btc chart shown above:Nota
Note the accum/dist pattern similarities as well:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.