cheynos
Long

History repeating itself? Schoolboard example if you ask me(ETH)

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hello everyone
Just a thing that caught my eye today, no major update. Let’s get straight in to this!
So in April we saw a cup and handle pattern in the oversold part of the RSI , look what we’re creating in august! We are now at a very strong support level (275). We’re not going under that level if you ask me! If history repeats itself we could go up with 128%. That would mean to 607USD. That is exactly at a very strong resistance level .

ETHBTC
Also here just some bullish news, we’re now at a very strong support zone , I don’t expect ETH to go under that zone, if we do, our next target is at 0.023.

Just a small idea of ETH today,
made a big update on XRP today, go check it out! https://www.tradingview.com/chart/XRPUSD...

Love to hear your opinion on this!
DM's and comments are always welcome.
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To answer the question in the subject: Yes, history repeats because markets work in cycles. I've made a projection for BTC based on historic data with a rising likelihood for fulfillment if BTC's trading volume keeps declining and life-support, providing frequent pumps, will be suspended. Here is my latest analysis on BTC's current price.

Sincerely

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This possibility is not invalid but can only be realized if the current 1D Channel Down breaks. At the moment it is limited to a 357.60 Lower High and we are expecting further downside:

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