What I have noted are three distinct peaks with curved resistance lines and two inclined support lines.
The period in-between was the sideways market and the big fractals are the bull and bear markets.
Both saw distinct peaks in ETH against BTC but the first one showed a more volatile ETH break the lower trendline into a deviation before continuing trend whereas the second fractal saw a stronger ETH that held the line through the fractal pattern.
I see the first fractal also lost the critical support at almost exactly the same satoshi value as the complete fractal.
First fractal saw ETH trapped in the curved resistance and fell a massive 52% before finally breaking the resistance.
BUT
The second fractal has seen ETH hold the trendline and break out from the resistance to the upside with a 10% increase already.
I hope you find this useful, but I think all of the new ETH wallets and holders is beginning to tell a story.
The period in-between was the sideways market and the big fractals are the bull and bear markets.
Both saw distinct peaks in ETH against BTC but the first one showed a more volatile ETH break the lower trendline into a deviation before continuing trend whereas the second fractal saw a stronger ETH that held the line through the fractal pattern.
I see the first fractal also lost the critical support at almost exactly the same satoshi value as the complete fractal.
First fractal saw ETH trapped in the curved resistance and fell a massive 52% before finally breaking the resistance.
BUT
The second fractal has seen ETH hold the trendline and break out from the resistance to the upside with a 10% increase already.
I hope you find this useful, but I think all of the new ETH wallets and holders is beginning to tell a story.
atyler
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atyler
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。