Cycle Trading

Today I wanted take a look at Ethereum.

Ethereum has had a series of rallies over the past year.

Ethereum rallied into early January. The had a sharp drop off towards the end of January. But once it broke above the declining trend line – it was off to the races.

History often does not repeat as much as it rhymes. The rally ran longer and so did the sell off. But again — once it broke the declining trend line it was off to the races.

Lengthy decline, trend line break — then off to the races, again.

Hmmm — looks promising !