Ethereum Rejection HERE. Compare 2018 to 2022
On the top left is the price structure and pattern formations from 4 years ago in 2018 and the comparison between the 2 is very similar. I believe it will do the same until after the breakout of this descending wedge. ETH will rise very fast and outperform Bitcoin in the very near future from what I see.
ETH should close the 5 day candle below this MAJOR red trend line. It was support and now it should retest as resistance
2018 was the downtrend after the last major bull run (4 year cycle) and here we are again with a break down, retest and a run down to complete the last leg of Elliot descending wedge before breaking out. The price target for the low is based of of major support and resistance from 2018 at around 800. Same pattern formation
- KRJcrypto -
ETH should close the 5 day candle below this MAJOR red trend line. It was support and now it should retest as resistance
2018 was the downtrend after the last major bull run (4 year cycle) and here we are again with a break down, retest and a run down to complete the last leg of Elliot descending wedge before breaking out. The price target for the low is based of of major support and resistance from 2018 at around 800. Same pattern formation
- KRJcrypto -
KRJcrypto
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