Just before Crypto skyrocketed to now (60 days), I noticed the trend line is pretty straight (middle line). So I bracketed lows and highs which then gives an estimated trajectory for the next 30 days. Barring any Earth-shattering news from other protocol tokens, I would say this is a decent range in which ETH will perform. I think it also factors in another headline of a major government banning some aspect of the Crypto market. Because, if I remember correctly, one of these headlines occurred in each previous month.
Trade closed: stop reached:
This trend failed for two reasons:
1. There was a larger amount of bear-trending headlines that the analysis did not anticipate.
2. The assumption that this year would break crypto's historic year-over-year pattern proved false.
1. There was a larger amount of bear-trending headlines that the analysis did not anticipate.
2. The assumption that this year would break crypto's historic year-over-year pattern proved false.