This is a very exotic chart but chart behaviours regarding moving averages remain the same.
ETH is spending far too much time resting on the 50 day MA here.
And it has already fallen through to then bounce and recover in this area.
But now it is again resting on the 50MA - if it falls the chance of a bounce recovery is less.
With BTC looking bearish if it falls and ETH falls through the 50MA then it could have a MAJOR collapse.
From there the next critical juncture is the Demand trendline.
If that breaks ETH is in big trouble...
Not advice.
ETH is spending far too much time resting on the 50 day MA here.
And it has already fallen through to then bounce and recover in this area.
But now it is again resting on the 50MA - if it falls the chance of a bounce recovery is less.
With BTC looking bearish if it falls and ETH falls through the 50MA then it could have a MAJOR collapse.
From there the next critical juncture is the Demand trendline.
If that breaks ETH is in big trouble...
Not advice.
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Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35