Moon_Boy_Crew

ETH - are we going to repeat the explosive move from 2017?

Long
BITFINEX:ETHUSD   Ethereum
As shown in my other chart (linked below), the current price action fractal is a very close resemblance to the move ETH had when it broke out of the $400 resistance.

Well, we are at $4,300 as of right now, and if we repeat that move we should reach around $7,000.

This is not a forecast, just a comparison of the previous price action fractal with the current. They say history does not always repeat but it rhimes, so do your own research.
In any case, I'm being bullish whether the fractal plays out exactly the same way or not.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.