DejaBrew

Ethereum Fractal from April 2018 compared to current price.

DejaBrew Updated   
BITFINEX:ETHUSD   Ethereum
I don’t trade these kind of fractals, but this is something that caught my eye from someone in discord. This is a fractal on Ethereum pulled from April 2018. It’s not overlaid perfectly because I want to show these similarities in levels.

The April fractal shows the same ladder pattern as the current price action.

Support into bear flag breakdown (1)
Tested as resistance (2)
2nd flag support (3)
Into cupping bottom (4)

What do you guys think?
Comment:
Following 100% now. Dropped to retest prior level as support then broke the next resistance without consolidation just as April did.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.