I tend not to believe that BTC and ETH could continue very bearish, both for fundamental and macro data, especially after the probable decision of the Fed to raise rates lower than expected, with the excuse of war.
But for now the charts remain bearish.
Unlike BTC which has already shown signs of laterality, ETH remains bearish, it has not yet broken the main trendline that started on December 1st '21.
It concluded a Flag (which I initially saw as a head and shoulders, but the entries are the same), which target is 1000.
It is the final target, part of the path has already been completed and moreover there is no Major Pattern to support this descent, so it has probability to fail, but for now it remains valid.
But for now the charts remain bearish.
Unlike BTC which has already shown signs of laterality, ETH remains bearish, it has not yet broken the main trendline that started on December 1st '21.
It concluded a Flag (which I initially saw as a head and shoulders, but the entries are the same), which target is 1000.
It is the final target, part of the path has already been completed and moreover there is no Major Pattern to support this descent, so it has probability to fail, but for now it remains valid.
