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    Home»Technical analysis»Ethereum – Trendline from 2015 is breaking down! (unbeliveable)
    Technical analysis

    Ethereum – Trendline from 2015 is breaking down! (unbeliveable)

    By TolbertiMarch 20, 2023No Comments
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    • This is very negative news for ETH because this trendline on the monthly chart from 2015 to 2023 is currently breaking down!
    • It’s the first time you see this very important info, so make sure you follow me to not miss updates that no one talks about.
    • What does it mean for ETH? There is a great chance that investors are going to sell ETH completely or sell ETH and buy BTC instead. Both are negative for the price of Ethereum .
    • Expect some bad news on Ethereum ; currently, we do not know what it’s going to be, but it’s probably going to happen, and very soon.
    • 2 scenarios can happen. The first is that BTC will rise drastically and ETH only slowly. The second is that BTC will drop and ETH will drop even more with a big red dildo.
    • This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
    • If we take a look at the 20-month moving average, the price is currently below it, and historically, it has been a pretty good indicator.
    • From the Elliott Wave perspective, the ETHBTC pair is moving in ABC 3-wave patterns all the time, which is no surprise because this is not a trending market. ETHBTC doesn’t have a trend; it has choppy price action, something like EURUSD .
    • I expect the ETHBTC pair to go down by 75%, which is a reasonable level to convert into ETH again. It’s also the 0.5 FIB retracement.
    • I am sure you like this information that no one is talking about; now do your own due diligence on ETH.
    • Thank you, and for more ideas, hit “Like” and “Follow”!
    • https://www.tradingview.com/chart/ETHBTC/mZbiosHN-Ethereum-Trendline-from-2015-is-breaking-down-unbeliveable/

     

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