ETHUSDEthereum and the rest of the Altcoin market is on the verge of a 2017 like parabolic move. The purple fractal that is overlaid is the 1W BTC/USD chart, and as you can see Ethereum has always mimic'd the moves of big brother bitcoin, so i expect a move similar to the blue fractal on the chart to play out in the coming weeks. This would reflect the recent parabolic move Bitcoin has just about completed, setting up a altseason rally in tandom with the fractal to support my analysis.
In addition, this channel should trade well and shows that PA is at the very bottom near support, putting a test of the channel top at about $2250 in the future.
- PennyBags
Trade active
Fractal is moving along according to plan - $2250 is my ultimate TPNote
Target of the Fractal on the chart hit and the top may be in, careful here
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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.