ratchet-mint

ETH turns support line into resistance.

Short
COINBASE:ETHUSD   Ethereum
ETH is throwing some clear signals of more selling to come

  • 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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