Fibonacci is Fascinatingly Accurate

Looking at the current and prior market cycles for Ethereum, it is interesting to see that the price of ETH against its USD value peaked at the Fibonacci 3.618 having plotted the Fibonacci Retracement from peak to trough on the 2018-2019 Bear Market. The timing is different too. However, if you use Heikin Ashi candles, you can still see a great deal of similarity in ups and downs in both cycles. It appears as if Ethereum will soon begin to rise. Only time will tell, but we have been in the current Bear Market for more than 365 days and all bear markets end. I would go so far as to predict with a strong degree of confidence that the next Bull Market peak for ETH reaches the 3.618 if you plot a Fibonacci Retracement on the 2021-2022 Bear Market peak to trough.

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