ETHEREUM - 2016 REACCUMULATION RANGE SIMILARITIES

Current rang still looks similar to 2016 reaccumulation channel from which ater breakout we had huge run up. We can draw lines like bottom is already in but the problem is that current bottom doesnt ffit to any strong resistances from the past. That's why we can have one more leg down below 800 usd. And if that hold after some tim of consilidatin we can see proce going up towards upper line of that huge channel.
Bitcoin (Cryptocurrency)BTCChart PatternsETHEthereum (Cryptocurrency)ETHUSDHarmonic PatternsTrend Analysis

Disclaimer