EthereumLong
ETHEREUM - ACCUMULATION IN CHANNEL
There is a lot similarities to previous accuulation patterns mainly in huge channels.
ETH loves to double the price since bottom (like 1 - 2 k just in few months from the bottom).
It's possoble we will get quite quick move to the mdian of the channel around 2.7-8 k, big correction there and few months of accumulation when BTC should react much better and btc.d will go to the upside.
It''s just a pattern/scenario, we can still get huge hit to the downside.
ETH loves to double the price since bottom (like 1 - 2 k just in few months from the bottom).
It's possoble we will get quite quick move to the mdian of the channel around 2.7-8 k, big correction there and few months of accumulation when BTC should react much better and btc.d will go to the upside.
It''s just a pattern/scenario, we can still get huge hit to the downside.
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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.