JefeCaan
Short

Ethereum Primed For Its Deadliest Fall In Months

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum is primed for its deadliest fall in months as all key indicators point to extremely bearish outlook. The weekly chart for ETH/USD shows a strong bearish divergence on the RSI that confirms. The trend line resistance shown on the RSI has been rejected and the RSI is expected to fall further in the days and weeks ahead. Similarly, the price has faced a strong rejection near the Ichimoku cloud on the weekly chart and is now ready to fall towards the bottom of the ascending channel it is trading in. Interestingly, this ascending channel forms part of a large bear flag that could see the price fall lower than our previously stated target of $60 per coin by the end of the year. Recently, over $7 million worth of Ethereum were hacked and transferred to an unknown wallet. At this point, Ethereum is not short of catalysts that could push the price off a cliff .

Full Analysis: https://cryptodaily.co.uk/2019/05/why-et...
Comment:
Great analysis, been mentioning that we're in a Bear Market for some time, and that ETH should fall to around $50usd. Great work!
+1 Reply
Its fucktards like you orvwhomever's interest you represent that make this site's credibility suspect.
+7 Reply
knowlton23 AvgJoe2019
@AvgJoe2019, The technicals look pretty shitty right now. It's not the site's credibility so much as your intelligence that is suspect.
+3 Reply
@AvgJoe2019, the trader's rankings are based on activity rather than accuracy of their trade ideas. a lot of active posters on here are a ranked high which is the sad part.
Reply
I believe you are completely out to lunch on this one. It kind of feels like you are bending the charts to match your predictions instead of being unbiased either way. It doesn't have to be BTC or ETH together with alts. That is too rigid of thinking and you seem to be stuck on that premise.
+4 Reply
MrInvertigo MrInvertigo
Good luck though.
+2 Reply
LOLLLLL
+4 Reply
There is no divergence. The price and the weekly RSI are moving acordingly. Lower RSI levels on lower prices is normal, not divergent.
+7 Reply
JefeCaan diegofnu
@diegofnu, Between June 2017 and January 2018 the price was moving up while the RSI was signalling a bearish divergence. I have extrapolated that same line of divergence to the current week RSI
+1 Reply
diegofnu JefeCaan
@JefeCaan, hence the 2018 bear market. Irrelevant now.
+1 Reply
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