ETH is throwing some clear signals of more selling to come
We should expect more selling to come with ETH. I remember seeing these signals about year ago before the big sell off. This time I am taking action and reducing my exposure to Crypto for now.
- First Bear flag: ETH made a false breakout below its support and recovered.
- Second Bear flag: What was once ETHs support line has now become its resistance blocking it from moving higher.
- Renewed concerns of recession looming over the next year.
We should expect more selling to come with ETH. I remember seeing these signals about year ago before the big sell off. This time I am taking action and reducing my exposure to Crypto for now.
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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.