Ethereum price can hit $14K if the March 2020 chart fractal holds
One trader spotted the fractal, which employs three classic technical indicators to predict an upside trend for Ethereum. Ethereum's native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend's striking similarity with the one from last year.Ether price fractalFirst spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average (50-day SMA), a Fibonacci channel, and a relative strength index (RSI).Ether closed above its 50-day SMA in July 2021, the first time since the May 2021 bearish....
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The bearish analogy borrows evidence from an eerily accurate fractal on the cusp of repeating for the third time since March 2020.
Ethereum price over the last couple of years has outperformed even Bitcoin’s, making it the most bullish cryptocurrency among the top three assets. But a fractal brewing in the altcoin could make for an incredibly bearish outcome if history repeats. Here’s a closer look at the bearish cryptocurrency chart fractal potentially warning of a reversal, […]
The rug was just pulled across crypto, wiping out gains from the past week and then some. Bitcoin is now back at prices from March, and is at risk of falling deeper into a bear phase according to a fractal found in the recent price action. What’s notable, is that the same fractal suggests that […]
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The XRP price is showing signs of repeating a past price pattern that once led to a strong rally. According to crypto analyst Egrag Crypto, this setup suggests a move higher in the weeks ahead. To back the bullish case, the token is currently holding its ground above support areas. Traders across the market are now waiting to see if this pattern develops into another upward move. Analyst Spots Bullish Fractal Formation In XRP Price Chart Egrag Crypto has been studying the XRP price chart and points to what he calls a repeating fractal formation. In this case, the current price structure....