Greetings from 2017: three evidence that Ethereum will grow

History on the stock market rarely, but still sometimes repeated. In light of the recent recovery of Ethereum after falling to a yearly low of the phrase “cryptocurrency found the bottom” doesn’t seem so meaningless. In technical analysis there is the concept of fractals — market structures, which may be repeated after a certain time.

If Ethereum really stopped falling, it may be a good signal for almost all altcoins. In Coindesk collected a few signs that the bullish season is approaching.

The past and the future of Ethereum

The price movement of cryptocurrency trading pair ETHBTC suspiciously exactly the same as the fractal 2017. Then the air fell by nearly 84 percent, but then rebounded to a new high.

Visually both of the fractal are very similar, between them there are three characteristic in common. Look at them below.

New uptrend

The formation of a local minimum above the previous is a good sign for uptrend formation. If this trend persists long enough, there is a high probability of a new bullish trend.

In both graphs we can clearly discern this pattern. What is even more interesting, in both cases, the Ethereum price found support at the Fibonacci 0.5 level.

EMA

Moving averages is an excellent tool for the recognition of a new trend. These lines also serve as a good dynamic levels of support/resistance.

On 4-hour chart in 2017 the price of Ethereum failed to break above the 200 EMA and a pullback to 100 EMA. There is an asset found support and continued gradual growth. The same situation repeats now exactly to the smallest details.

Rising Wedge

Finally, both of the fractal have the same shape. In General, Rising Wedge is considered bearish pattern that signals about the downtrend. However, if sellers was not able to bring the situation under control, cryptocurrency will enter a new stage of growth. So already in 2017 and can happen again.

The main support remains the Fibonacci level of 0.5. Now he is in the area 0,032 BTC. Hdlite The Ethereum? Let’s discuss the market in cryptodata.

SUBSCRIBE TO OUR CHANNEL IN THE TELEGRAM. THERE’S MORE INTERESTING NEWS.

0 Comments on “Greetings from 2017: three evidence that Ethereum will grow”

  1. Hi! I was hoping whether anyone can help me with picking new e-liquid lines for our online vape marketplace allvapebrands ? In roughly a week’s time, I will be expanding my eliquid stable by taking on the following vape juice companies : Momo Made In UK E-liquid, Belated Breakfast E-Juice, Crispi Vape Co , IT’S LIT and Sorbet Pop eJuice SALTS Has anyone tried any of these eliquids?

  2. Good morning, We would like to take this opportunity to invite you to list your firm on All Vape Stores, a popular CBD and Vape Shop Website Directory A Little Bit about Us – All Vape Stores is a worldwide CBD and Vape Shop Directory that is aimed to help folks find their nearby CBD and vape companies We currently receive more than 100,000 distinct and highly-targeted visitors a calendar month, primarily from the UK and UNITED STATES We attain such a strong site target traffic number by running a very successful CBD and vape blog site precisely where we cover the most up to date CBD and vape sector news, customer reviews and user guides We also send frequent daily newsletters to our users when we ease new articles By listing your company with All Vape Stores, you will receive an opportunity to increase your brand’s publicity, web site traffic and customer base Clients will have the ability to contact you via a contact form straight on your business listing web page In the same manner, you will receive a back link from your listing which will help you with your S E O backlink building for organic internet search engine rankings To list your business, feel free to head to: allvapestores We look forward to seeing you on-board Kind regards, All Vape Stores Team

  3. We are presently trying to find people to review CBD product lines from various CBD companies on our blog at cbdlifemag If anybody is interested, feel free to respond below or DM me and I will get some CBD goods, including CBD PODS, CBD Tinctures and CBD Snack sent to you for your evaluation

  4. Hi, I am the primary programmer behind the Internet search engine Scraper and E-mail Extractor by Creative Bear Tech I am seeking out potential beta software applications testers If anyone is interested, feel free to let me know You can DM me right here or send me a message on creativebeartech

  5. I just want to mention I’m all new to weblog and actually enjoyed this web site Very likely I’m likely to bookmark your website You su y have perfect articles Kudos for sharing with us your blog site

Leave a Reply

Your email address will not be published. Required fields are marked *