Well it appears that this is the sequence for Ethereum since late April: Pump-Rinse-Repeat.
More specifically the last two Pump sequences (April 21-30 and May 21-June 01) have been around +37%. After their peak, the price pulled back and consolidated within a Cup pattern. As mentioned this has been done twice already.
Right now, the 3rd sequence has began and there is still another +9% to go in order to complete the 37% range, which if repeated, will peak at $312.
Notice also how the 4H LMACD is just about to form a Bearish Cross, which during the last sequence (May 31) market the final leg upwards to the blow-off top.
Will this be repeated?
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More specifically the last two Pump sequences (April 21-30 and May 21-June 01) have been around +37%. After their peak, the price pulled back and consolidated within a Cup pattern. As mentioned this has been done twice already.
Right now, the 3rd sequence has began and there is still another +9% to go in order to complete the 37% range, which if repeated, will peak at $312.
Notice also how the 4H LMACD is just about to form a Bearish Cross, which during the last sequence (May 31) market the final leg upwards to the blow-off top.
Will this be repeated?
Please like, subscribe and share your ideas and charts with the community!
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.