velmunis

ETHUSD will make another 20% drop as crypto cycle

Short
COINBASE:ETHUSD   Ethereum / U.S. Dollar
ETHUSD
Crypto and currency pairs are having the tendency to repeats its previous cycle. As its formed a nice wedge pattern and dropped almost 20% of its value from the key psychological level and dropped towards 313.00 level

And now we can see the same kind of rising wedge pattern is forming relatively smaller than previously formed. and its broke the lower side of the trend line and leaving a strong bearish candle. We can expect another 20% drop from the 370.00 rejection level

the parabolic move was expected. If have any views and opinion about this crypto ( ETHUSD ) comment below

If you like our work give a thumbs up - Cheers

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.