JacintoMonteiro

ETH 90% Downtrend

Short
JacintoMonteiro Aggiornato   
INDEX:ETHUSD   Ethereum
What if we are just in Eth denial phase, in the middle of a massive downtrend?
At the moment Eth seems to be drawing an huge bear flag.

Still remember last bear market a fall from 1500 to 75 dollars. 90% drop.
Why would it be different now?
ETH Foundation sold 15.000 ETH this month and they normally sell it at local tops.

It looks like 3 digits on the horizon.

Good luck!

Commento:
Commento:
And here we go....

1500 usd seems like the first stop.
Commento:
MA50 is crossing with MA200 on the week frame.
When that happens downside is very plausible in the following weeks/1month.


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