Ethereum on the verge of Parabolic move

2020年12月30日

ETHUSD

Ethereum 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

2021年1月4日

交易進行

Fractal is moving along according to plan - $2250 is my ultimate TP

2021年2月4日

註釋

Target of the Fractal on the chart hit and the top may be in, careful here