Is Ethereum Repeating the same Pattern?

2023년 4월 25일

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.

2023년 4월 25일

노트

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:

2023년 4월 25일

노트

Eth dominance chart also lends confluence to this idea, having a nearly identical chart to the eth/btc chart shown above:

2023년 4월 26일

노트

Note the accum/dist pattern similarities as well: