quite a few things are similar to 2017,
21 ema weekly was broken
200MA daily was broken
what should come next
-50MA weekly will work as support
-we will have a death cross
-price will bounce to the 200MA and fall from there,
other things to support the 50MA weekly
the middle line of the gaussian channel in the 5D
a support in the weekly rsi
i was comparing this move to the BTC ETH move after bitcoin pi cycle in 2017. after that bitcoin fell and eth grow,
we grow the same percent after the previous ETH ATH
if history is repeating we will test 2500 eth support.returning to the previous ATH
i see similiraties with 2017 2018 where we both times had a pycycle top , with this I don't want to mean we are in the top of the market but I think we will grow to 3000k-3500k from eth and correct with btc goes to 21 ema weekly,
last bull run cycle, the correction will be 30% that we have heat.
we bellow the 21ema daily that is the yellow line
we are in a bear flag but bouncing up
I have 3 resistance that we got rejected yesterday been having this resistance for a while.
are we done with the correction or we will get a long final dump , to 21 ema weekly
this is a retake on the posible head and shoulder I show jan11, but it endup having a much bigger shoulder, this is not saying this is going to happen but to show that if we break the residence will be much more serious that people think, for now we have broken a residence that started 24 of December.