mattgarbutt
Long

ETH - repeating patterns?

COINBASE:ETHEUR   Ethereum / Euro
Was just noodling around on the ETH chart, and it suddenly struck me that the initial leg up in the last bubble is showing a very similar pattern to the one that we're in right now, with RSI , Stock and MACD also seemingly repeating history too.

I don't believe we're about to bubble up again for a single minute, simply wanted to put this up to see how it develops over the coming fortnight or so.
Comment: Logscale view with added trend line, showing where current resistance is - the same line as last November.

RSI has continued its bearish divergence, MACD still in roughly the same shape as last time, heading for the zero line. Meanwhile, the Stoch has slightly broken from the previous pattern.

Interesting fractals , nice job !
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@ethhunter, Thanks man, only just saw your comment! That dip in December came soon after the same sort of action we're seeing now, per your line of thinking.
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