After Ethereum's drop and recovery today, a massive hanging man candle formation has formed. This is a strong indication of an imminent collapse in Ethereum. Short positions anywhere above 4100 can be traded. I think cryptocurrencies in general will enter another bear market. A double top has formed in Ethereum and Bitcoin too. Both these chart patterns are the harbinger of doom. Close longs, go short Ethereum.
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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.