ETH fractal pattern is identified

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May 14, 2018

The current pattern in ETH on a smaller time frame resembles a lot the pattern on the daily chart

Here are the pictures:

120 min chart
daily chart

Once the pattern is resolved on a small time frame, we might understand more what expects us on a bigger one.

This is based on a simple fact. Market behaviour (price action) is the result of the combined human "emotionally loaded" decisions. Humans stay humans on smaller and bigger time frames.

Building up the bottom (or coming out of it) brings up specific kind of emotions. They can be observed on different time scales.

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May 14, 2018

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