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Technical analysis by BMYWin about Symbol ETH: Buy recommendation (7/5/2024)

https://sahmeto.com/message/2493802
BMYWin
BMYWin
Rank: 15249

Same Pattern Repeat Last Year

Buy
Price at Publish Time:
$2,972.63
Buy،Technical،BMYWin

Last Year(2023) ETHUSD created two stage drop parallel pattern(Red) from Apr. to Sep. (lasting for 6 months). This year(2024) ETHUSD seems repeat the same pattern. If it is in this case, Maybe it will ending this pattern around August for the same half year period. Last year After two stage drop parallel pattern, ETHUSD breakup the drop resistance at around the end of Sep 2023 and beginning of Oct 2023. If the pattern same, then accumulation period is estimated around 2 months. Let's observe its development.To Drop or Not To Drop To Jump or Not to Jump Is a QuestionCup and Handle Profit Range Trading.Bullish Backtest.Rescude Test Again.

Source Message: TradingView
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