This Eerie Fractal Predicts Ethereum Will Soon Trade At $500

[Lenipiw]

Ethereum could bounce towards $500 after dropping from its $480 highs. The leading cryptocurrency now trades for $380, having been pressured lower by Bitcoin dropping, which itself was catalyzed by weakness in legacy markets.
One trader thinks that Ethereum is currently trading in a textbook broadening wedge, which are often bullish patterns when they are ascending.

He shared the two charts below, which show that Ethereum is trading in a broadening wedge as Bitcoin did during the rally in April 2019. This fractal predicts that ETH will soon bounce from its local lows towards the local highs, then to fresh year-to-date highs above $500.
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