OguzhanSengor

#ETHUSD ANALYSIS.. DUMP INCOMING..

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BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Bears will dominate the whole market for a while, but I firmly believe that these are the last zig-zags before a new market cycle..

We see wedge pattern on #ETHUSD weekly chart and I think, as I mentioned in the graphic, we will find the bottom we have been looking for for a long time.. I think the reference value of rsi 50 is very important, in this context, we can see a fractal as the leading indicator that sales will get harder soon, we will wait and see.. Also, the value of 0.95 for vortex has worked quite meaningfully from the past to the present, as it can be seen in the weekly chart of Ethereum , the value in question produces important clues for us and should be watched carefully in the future..

All these arguments point to a negative process in the medium term, my personal opinion is that Ethereum will drop up to $ 47 and gives a serious buying opportinuty before a new market cycle..

Sometimes you need to break your knees a bit more to jump higher..

Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..

I wish you all the best..

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