ETH going down much lower than $800

7 lug 2022

We are now at the last leg of this bullish wave, and it's losing momentum. As you can see, this current bullish wave is making less of an angle than before. We also have strengthened the downward force, as indicated by the trendline angles becoming steeper. This tells me the next wave down will be much stronger and steeper. For the bulls, the next couple of hours/days will be the last chance to get out before it all starts to crash. Will we see the bottom then? It's possible; it all depends on the steepness of the fall and the opposing force we will see at that time. What's certain is that the bottom isn't here yet.