ETHUSD Weekly Fractal Pattern Shows Possible Bearish Trend
Ethereum weekly fractal pattern shows harmonics that may signal an eventual decline to test new lows (below $80).
Of course--this pattern will depend highly on Bitcoin. But, for now, I expect this pattern to continue with Ethereum re-tracing toward $210 - 240. Once it reaches upward toward the resistance once again, I expect a bullish Bitcoin may also break Ethereum to the upside and out of this larger exponential (logarithmic) decay.
Of course--this pattern will depend highly on Bitcoin. But, for now, I expect this pattern to continue with Ethereum re-tracing toward $210 - 240. Once it reaches upward toward the resistance once again, I expect a bullish Bitcoin may also break Ethereum to the upside and out of this larger exponential (logarithmic) decay.