EthereumLong
Name that fractal...
I love using previous fractals to use as a template for guessing Elliott Wave movements and swings... Check out this one that I found.. does it look familiar? If I line it up from the ATH to the 50% retrace for ETH look at how all the peaks line up. If things go accordingly, we're looking for some kind of three drives pattern here to complete this leg down with opportunity for a pretty strong retrace/bounce ahead.
Give up? The fractal is the SPX on the 2009 Great Recession on the weekly timeframe. Remember this was also coming off a double top formation... hopefully the future for ethereum is the same as what happened after the great recession concluded.
fun only, not advice.
Give up? The fractal is the SPX on the 2009 Great Recession on the weekly timeframe. Remember this was also coming off a double top formation... hopefully the future for ethereum is the same as what happened after the great recession concluded.
fun only, not advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.