Ok. I compared the current Sell-off with the past bear markets and i Found out this interesting fractal.
Every time we see a bear market, We saw Ethereum fall down and it saw local pumps which respected the Red trendline. we got rejected at the red trendline and we will continue to fall down and finally, We will see a V Shape dump and recovery or a normal recovery at an important huge support at the bottom.
So based on that, If we continue to fall down Catalysed by the Ukraine crisis, I expect Ethereum to Fall below 2000 around 1900. and then, We may have a dead cat bounce which Breaks he downtrend line and we will bounce some more up and Eventually come down.
This is a plan That we should absolutely have in Standby mode and must execute this incase market gives us an opportunity. Also, A scenario like this will give us an excellent buying opportunity.
Stay tuned !
Every time we see a bear market, We saw Ethereum fall down and it saw local pumps which respected the Red trendline. we got rejected at the red trendline and we will continue to fall down and finally, We will see a V Shape dump and recovery or a normal recovery at an important huge support at the bottom.
So based on that, If we continue to fall down Catalysed by the Ukraine crisis, I expect Ethereum to Fall below 2000 around 1900. and then, We may have a dead cat bounce which Breaks he downtrend line and we will bounce some more up and Eventually come down.
This is a plan That we should absolutely have in Standby mode and must execute this incase market gives us an opportunity. Also, A scenario like this will give us an excellent buying opportunity.
Stay tuned !