Same Pattern Repeat Last Year
Last Year(2023) ETHUSD created two stage drop parallel pattern(Red) from Apr. to Sep. (lasting for 6 months).
This year(2024) ETHUSD seems repeat the same pattern.
If it is in this case, Maybe it will ending this pattern around August for the same half year period.
Last year After two stage drop parallel pattern, ETHUSD breakup the drop resistance at around the end of Sep 2023 and beginning of Oct 2023.
If the pattern same, then accumulation period is estimated around 2 months.
Let's observe its development.
This year(2024) ETHUSD seems repeat the same pattern.
If it is in this case, Maybe it will ending this pattern around August for the same half year period.
Last year After two stage drop parallel pattern, ETHUSD breakup the drop resistance at around the end of Sep 2023 and beginning of Oct 2023.
If the pattern same, then accumulation period is estimated around 2 months.
Let's observe its development.
Note
To Drop or Not To Drop
To Jump or Not to Jump
Is a Question
Note
Cup and Handle Profit Range Trading.
Note
Bullish Backtest.
Note
Rescude Test Again.
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.
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.