ethusd rising wedge broken. Ethereum below 1000 in September
Bearish flag rising wedge on #ethereum shows that we are in crucial point.
The invalidation will be touch and break 2200. Very unrealistic, only if CPI tomorrow would be below 0 - no inflation anymore.
We will see soon 1000 and lower ether till September ending in another -50% crush of all Cryptocurrency market.
I expect crush, taking into account that in September there will be a milestone change in cryptocurrency world - #Ether goes PoS and miners earning by PoW mining will lost almost 50% of their income being forced to sell their mining hardware, fire personal, sell mined coins and most of them liquidate their business.
The invalidation will be touch and break 2200. Very unrealistic, only if CPI tomorrow would be below 0 - no inflation anymore.
We will see soon 1000 and lower ether till September ending in another -50% crush of all Cryptocurrency market.
I expect crush, taking into account that in September there will be a milestone change in cryptocurrency world - #Ether goes PoS and miners earning by PoW mining will lost almost 50% of their income being forced to sell their mining hardware, fire personal, sell mined coins and most of them liquidate their business.
