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ETHUSD MNT: LOW 400/500 USD + PRICE/RSI DIV AND 90% CORRECTION IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
- ETHUSD monthly chart review - noteworthy PRICE/RSI divergence - which doomed ETHUSD bull market - also 90% measured move from the past - no relief in sight currently - expecting more losses - July/August likely RED months - FED RAISING RATES / BEARISH outlook - no positive catalysts for trend reversal - At least until September 2022 - recommended strategy: short sell rips/rallies - expecting 90% correction ab=cd - potential cycle low near 400/500 USD - no upside in this environment - expect bears to maintain control - this is HTF chart / monthly chart - we MIGHT get bounces / rips / rallies - focus on short selling into RIPS - final TP BEARS 400/500 USD - forget about reversals until September - good luck traders
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