This is what next bull cycle could look like. ETH is looking very similar to previous BTC cycle which I was comparing for some time now.
Chart shows great possible RR with a close above $340. Break and close under the bottom trend could invalidate and should be a stop.
Since time is variable, we could impulse sooner, which if we created a support at $340 would mean approx at the end of 2020 but I would prefer 2021.
Chart shows great possible RR with a close above $340. Break and close under the bottom trend could invalidate and should be a stop.
Since time is variable, we could impulse sooner, which if we created a support at $340 would mean approx at the end of 2020 but I would prefer 2021.
Yorum:
Still relevant. ETH right now strongly dependant on BTC which I think is going to retrace, which means that ETH should retrace also. In oposite case we are early. Entry is still the same, above 320 or early entry under 140.
