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.
ノート
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:ノート
Eth dominance chart also lends confluence to this idea, having a nearly identical chart to the eth/btc chart shown above:ノート
Note the accum/dist pattern similarities as well:
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これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。