ETHUSDT Analysis by @TheMoon

Total Quality
Score
2542.18
3060.0000000000
2800
ETHUSDT
1H
Fail
Free
Analysis Predict Bear Market
crypto
Technical
The presenter analyzes BTCUSDT and ETHUSD on a 4-hour timeframe. For Bitcoin, he identifies a bear flag formation. Short-term price prediction is for a dump into the $98,000 range due to a bear flag. He specifies to put the stop loss above the wick at 105000, expecting continuation to the downside. He says if it breaks the wick, the analysis is invalid. He predicts all altcoins will be "wrecked." For ETH, he said that there is a continuation ascending triangle pattern, and expects a fake to the downside. He specifies to take a short position at 2800 with an upper wick stop loss. He uses simple moving averages of 50 and 200 SMA to assess the overall bullish trend of the crypto market and goes on to refer to specific Bitcoin buying behavior of entities like Metaplanet and Microstrategy.
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