ETH (ETHEREUM): Analysis Shows Two Paths but Same Destination

in bitcoin •  7 years ago 

SUMMARY

The past is no guarantee of future performance, fractal impacts do linger. It's nothing new. The horizontal blue lines show the presence of good support and the upper white trend line now also represents strong support.

The breach occurred and thus far remains decisive.


A redraw of the correction into a bullish downward symmetrical triangle is quite impressive because of near termination status. It's almost done. Price is also starting to gap and the direction is upwards. Usually, this signals a sizable rise potential in buying interests. Let's see how the price pans out in the next few days.

IF price decides to get closer to the Apex; the destination would remain little changed; only the pathway would differ.


Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.

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Bullish on Ethereum.