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viparmenia
Aug 9, 2022 6:53 PM

ethusd rising wedge broken. Ethereum below 1000 in September Short

Ethereum FuturesCME GLOBEX

Description

Bearish flag rising wedge on #ethereum shows that we are in crucial point.
The invalidation will be touch and break 2200. Very unrealistic, only if CPI tomorrow would be below 0 - no inflation anymore.

We will see soon 1000 and lower ether till September ending in another -50% crush of all Cryptocurrency market.

I expect crush, taking into account that in September there will be a milestone change in cryptocurrency world - #Ether goes PoS and miners earning by PoW mining will lost almost 50% of their income being forced to sell their mining hardware, fire personal, sell mined coins and most of them liquidate their business.
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Tradersweekly
Thank you for the content.
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