Chart looks identical to May 2021...may be in for some hurtJust a simple low IQ comparison. Looking at the weekly circa May 2021 looks identical to what we're seeing today. Drew the same pattern in red and a bull case in case we still see a new high with the 4 year cycle, but it's looking bleak. We're getting close to completing another weekly cycle and should expect the new low within the next 2 candles. Question is, are we about to retrace 55% like May 2021, or continue the bull run into a new high later this year?
Ngmi
Ethereum Sunny 🌞🌤️ Good news for Ethereum investors! Based on the chart index for the past hour, it looks like we're in for some sunny weather ☀️. The close price is currently above the long position entry point of 1980, indicating a positive trend.
📈 With a long take profit (TP) set at 2040 and a stop loss (SL) at 1720, investors may want to consider entering a long position. However, it's important to keep an eye on market trends and adjust the TP and SL accordingly to maximize profits and minimize losses.
💰 Overall, the forecast looks optimistic for Ethereum investors, but as always, caution and careful monitoring are key to successful trading in the cryptocurrency world.