ethusd daily worst case scenario 50% correction

🔸Hello traders, let's review the daily price chart for ETH today. This is the worst case
scenario option, 50% correction after breakdown of the rising wedge pattern in downtrend.

🔸ETH is compressing into rising wedge technical pattern in the downtrend, which
normally resolves in downside breakdown and continuation of downtrend. having said
that, do not panic, UNTIL we get a break below 1500 USD (sliding bullish TL s/r).

🔸Recommended strategy for crypto traders: remains to be seen if ETH can hold the
key S/R level near 1500/1550 USD, however, if we get a confirmed breakdown of 1500/1550
USD I recommend to get out of the alt coins and get ready for a deep correction in crypto
space. This is not a trade setup, a warning for the traders of a potential extended
crypto winter and correction if ETH fails to hold ground near 1500 USD. good luck!

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Comment:

this is a warning not an actual trade setup

Comment:

btcusd 8hours yi long ma caused liquidations target is 24000 USD

Comment:

🔸Chinese billionaire Yi Long Ma (*sarc) triggered the recent sell off event in crypto after disposing 400 mln usd worth of BTC, this caused 1 bln USD + liquidations across the board and all supports broke down and currently we are in DUMP mode trading near 27 000 USD.