ETH looks just like Luna Classic before the drop in a massive rising wedge, kinda like SOL too before its dump to $20. Bearish divergence on the weekly. I dont know what would cause this drop but iI think ETH days are nearing an end. Its clunky and fees are too hard for the everyday person to use. Something will take its place or a tweak to the blockchain crashes the whole thing. Im not sure but i like to speculate on what the news will be to make the chart pattern do this. I saw this in the LUNA chart when it was at highs and people thought I was crazy when I said its going to under a dollar. Go back and look at it. Same thing with SOL I called the last top almost perfectly.
Also think of how many people stuck in staking if this happens, they wouldnt have time to get out. Ask yourself why institutional investors dont stake their ETH. :) Not financial advice just my opinion. Good luck out there.
Also think of how many people stuck in staking if this happens, they wouldnt have time to get out. Ask yourself why institutional investors dont stake their ETH. :) Not financial advice just my opinion. Good luck out there.
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The chart looks almost identical. This was a chart I made a while back
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I actually just noticed that when i push the play button on the ETH chart that ETH is now below the trendline, thats not good. Its finding resistance at it too.
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Im not bragging but go check out these two charts I made and read the comments. This stuff happens all the time, and ETH is not special.
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I just wanted to highlight this response because its important people understand how chart patterns work.
@mattk00, Im not predicting based on other charts or projects. Im predicting based on chart patterns. Chart patterns arent some mysterious random movement. Its based on human emotion. Sure the market may not recover as quickly but it will recover, it wont be the end of the world. Most projects that are worth a damn start on eth then build their own blockchain. So the majority of the projects on eth now are just crap degen projects that will eventually go to zero in my opinion. There may be a few more winners but they will eventually get their own chain too or move. Why do you think there are so many companies working on EVM compatibility if they thought that ETH was going to remain the kind turd on turd island? ETHs days are numbered.
@mattk00, Im not predicting based on other charts or projects. Im predicting based on chart patterns. Chart patterns arent some mysterious random movement. Its based on human emotion. Sure the market may not recover as quickly but it will recover, it wont be the end of the world. Most projects that are worth a damn start on eth then build their own blockchain. So the majority of the projects on eth now are just crap degen projects that will eventually go to zero in my opinion. There may be a few more winners but they will eventually get their own chain too or move. Why do you think there are so many companies working on EVM compatibility if they thought that ETH was going to remain the kind turd on turd island? ETHs days are numbered.
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@cmplord, Im just pointing out how this is possible Daily Eth is losing popularity to other more affordable chains. Eth was a bubble, now theres a new bubble in town and better chains. You see ETH is easily replaceable because its just a company so what makes it any different than in the brick and mortar world? Look at all the old companies from the 50s that thought they were king shlt on turd island. They eventually died out to more efficient companies that had a better product. Its capitalism, in the crypto market. Plus what better time to rug than when everyone's coins are locked up in staking for 10 days minimum and by then ETH could be down 50% or more then its a waterfall. All it takes is for a few big boys to start unloading and its all over. The ETH blockchain was great and it was the gateway for so many new projects over the years being the first one to offer a platform where projects could build on. Now those projects are overtaking ETH. Humans are patient but not stupid. If Ethereum doesnt drop fees and somehow restructure its greedy algorithm so the average person can use it without paying ridiculous fees then its a goner 1000%. I actually think its too late for ETH at this point. 99% of the dapps on Eth are trash anyways so its not like a real world catastrophe would take place if they were to disappear. The few winners would either migrate or create their own chain and life moves on.
I would like to actually hear a detailed reason as to why this cannot or will not happen in your opinion. You seem to be so sure and I just want to know if Im missing something.
Its going to happen 100% in my opinion. I am confident in this analysis.
I would like to actually hear a detailed reason as to why this cannot or will not happen in your opinion. You seem to be so sure and I just want to know if Im missing something.
Its going to happen 100% in my opinion. I am confident in this analysis.
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ETH HAS BEEN SERVED BY THE SEC! GOOD BYE ETHEREUM!
Hello everyone. Just as I thought something big was going to happen well here it is. SEC is going after Ethereum. A lawsuit by the SEC has possibly already been filed. If you need a better explanation please watch the video by Bitcoin University on youtube that just came out, he explains it fully and why he believes they have already been served already has 20k views. This would be a perfect catalyst to make ETH drop to way low prices over the next many years during the lawsuit. Look what happened to XRP and multiply that x10.
Oh boy this is going to be epic. Once ETH loses and is deemed a security because it simply is theres no way around it. ETH is going to TANK mark my words people. I called this years ago. I knew this would happen but I was called crazy. We'll see who the crazy one is at the end of this. Do you realize how much money the SEC is about to make. This is why Bitcoin, Litecoin and a couple others are going to go to such crazy numbers no one would ever imagine. The whole shltcoin market is about to drain into the real decentralized crypto commodities.
THE ONLY NON SECURITIES IN ALL OF CRYPTO RIGHT NOW IS BITCOIN, LITECOIN, DOGE, AND BITCOIN CASH.
There may be others like Feathercoin, or Namecoin from the early days but they are dead chains.
Isn't it funny how Charlie Lee stepped down from Litecoin just at the right time right before securities regulations? I Hmm and Digibyte founder Jared Tate just did the same thing, hmmm? All these decentralized mined cryptocurrencies from the early days that all these people called dinosaurs could actually rise up again and become the top 5? No way right? Wrong its happening but most of you were too blind to see it. Maybe youll see it now or maybe you learn lessons the hard way and you lose all your money.
Once this thing starts to fall its going to be a waterfall youll never get out of your staking in time.
If ETH is a security then SOLANA is BNB all of them, its all over for all these shlt coin scams like DogWifShlt and all the other trash all these fools are buying. Coinmarketcap will be half of one page you'll see. The rest will be archived for future reference and so people can have a good laugh at what people actually invested in! Dont be a fool and hold to zero, I would get to the exits and into something safe ASAP or you may gut stuck in the burning building cause the exits are jammed. Im not biased I just know whats coming and I dont want to see you all lose money, I hate it when people lose money.
Not financial advice just my opinion!
Hello everyone. Just as I thought something big was going to happen well here it is. SEC is going after Ethereum. A lawsuit by the SEC has possibly already been filed. If you need a better explanation please watch the video by Bitcoin University on youtube that just came out, he explains it fully and why he believes they have already been served already has 20k views. This would be a perfect catalyst to make ETH drop to way low prices over the next many years during the lawsuit. Look what happened to XRP and multiply that x10.
Oh boy this is going to be epic. Once ETH loses and is deemed a security because it simply is theres no way around it. ETH is going to TANK mark my words people. I called this years ago. I knew this would happen but I was called crazy. We'll see who the crazy one is at the end of this. Do you realize how much money the SEC is about to make. This is why Bitcoin, Litecoin and a couple others are going to go to such crazy numbers no one would ever imagine. The whole shltcoin market is about to drain into the real decentralized crypto commodities.
THE ONLY NON SECURITIES IN ALL OF CRYPTO RIGHT NOW IS BITCOIN, LITECOIN, DOGE, AND BITCOIN CASH.
There may be others like Feathercoin, or Namecoin from the early days but they are dead chains.
Isn't it funny how Charlie Lee stepped down from Litecoin just at the right time right before securities regulations? I Hmm and Digibyte founder Jared Tate just did the same thing, hmmm? All these decentralized mined cryptocurrencies from the early days that all these people called dinosaurs could actually rise up again and become the top 5? No way right? Wrong its happening but most of you were too blind to see it. Maybe youll see it now or maybe you learn lessons the hard way and you lose all your money.
Once this thing starts to fall its going to be a waterfall youll never get out of your staking in time.
If ETH is a security then SOLANA is BNB all of them, its all over for all these shlt coin scams like DogWifShlt and all the other trash all these fools are buying. Coinmarketcap will be half of one page you'll see. The rest will be archived for future reference and so people can have a good laugh at what people actually invested in! Dont be a fool and hold to zero, I would get to the exits and into something safe ASAP or you may gut stuck in the burning building cause the exits are jammed. Im not biased I just know whats coming and I dont want to see you all lose money, I hate it when people lose money.
Not financial advice just my opinion!
