Was just noodling around on the ETH chart, and it suddenly struck me that the initial leg up in the last bubble is showing a very similar pattern to the one that we're in right now, with RSI, Stock and MACD also seemingly repeating history too.
I don't believe we're about to bubble up again for a single minute, simply wanted to put this up to see how it develops over the coming fortnight or so.
I don't believe we're about to bubble up again for a single minute, simply wanted to put this up to see how it develops over the coming fortnight or so.
Note
Logscale view with added trend line, showing where current resistance is - the same line as last November.RSI has continued its bearish divergence, MACD still in roughly the same shape as last time, heading for the zero line. Meanwhile, the Stoch has slightly broken from the previous pattern.
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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.