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FX_Professor
May 19, 2022 10:01 AM

ETHEREUM - Under SERIOUS Pressure Again Short

Ethereum / U.S. dollarBitstamp

Description

Level lost, support turns to resistance and the outlook is gloomy amidst a new Global Pandemic, called Stagflation ('Inflation + Stagnation').

No valid support for Ethereum, unlike Bitcoin chart on which we can see support:


Situation scary and $1400 mark is a valid scenario. Be aware.

As excited and happy we was to attempt/post Long on Ethereum again, we were proved wrong. After all, for us it is all about levels and Ethereum has lost yet another one:


One Love,

the FXPROFESSOR
Comments
Lingrid
Possible scenario I think
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