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ETH is at edge of Cliff

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@chorock
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A few days left until ETH prices enter the death cross... This is a very important process not only for ETH but also for other altcoins.

It wouldn't surprise me if the ETH price drops below USD 1000. Of course, this is not something that will happen overnight.

There are lots of horrible signs, shows us we are at the beginning of bearish market...

  • Weekly RSI

Weekly RSI looks scary! It may show us We are in long term bearish market. (Until halving)

Trend is broken.

  • Monthly MACD Death cross is close to us on MACD chart of ETH. If it enters, Accumulation may take long time...

  • So, If bearish scenario happens, What will the price?

Answer is easy. Trend-based Fibonacci Extension. 4350 to 1902 to 2976...

Trend-based Fibonacci Extension is my favorite to find the dip of the charts...

Buying ETH from 500 USD will not make me surprised...

  • Trend Based Fibonacci Extension

It is not financial advice. It is only bearish scenario. I will manage my crypto investment from this direction.

Don't be afraid of bearish season. Collect crypto at cheap price. Earn crypto from your cryptos as CUB, Hive, LEO...

Get ready for next bullish season.

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