There are two scenarios for Ethereum, of which both are descending! In the first scenario, which is shown in the 240-minute chart, the uptrend from $ 910.82 to $ 1763 is in 3 waves format, and it is likely that we encounter the Expanded Flat pattern. In this case, with the price crossing the range of $ 1271, we should expect a downtrend below $ 1000, up to the range of $ 870 to $ 760.
In the second scenario which has been shown in the daily chart The first uptrend has ended, of which the 5th wave has been (Extended Wave), by crossing the price from the range of $ 1271, we can predict for the second time, the expansion of downtrend movement up to the range of $ 800, which is the corrective wave for downtrend of wave 2.
(Daily Chart)
**This case has been seen in all cryptocurrencies except Doge, of which the situation is in favor of this currency, due to its widespread support in this descending trend.**
Kind of seems like you’re passively shilling for doge coin. There are plenty of other coins holding their own against BTC and ETH. Doge was actually dumping pretty hard until musk started desperately tweeting about it to keep it afloat, but this ride won’t last. Buyer Beware new people!
ProficientForex
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@Falcon143, Yes, we all know that Dodge has no value, but consider this note, why the richest man on earth wants to support the coin, which has no value, he knows that if this coin falls, he and all his credibility, affiliated companies will be ruined, and even this person can be sued under marketing and market intervention!
So, for sure, there are other reasons, and maybe this coin is being updated. Some time ago, this coin had a text on Twitter that was indicating, it was entering the Ethereum network, or maybe it also wanted to enter Defi.
In general, I think that opportunity knocks but once, and maybe this was the chance that Elon Musk gave to everyone.
I neither approve nor reject Elon Musk. But in general, I do not feel good about this arrogant person.