O se tagata fa'atauva'a fa'ata'ita'i o lo'o fa'ao'o ia Bitcoin's (BTC) 2018 bear market floor is warning Ethereum (ETH) ma BNB holders that both large-cap coins are flashing bearish signals.
Pseudonymous analyst Smart Contracter tells his 221,100 Twitter followers that Ethereum is showing the same bearish continuation pattern that it flashed last week.
“Bearflagging again pretty much straight away after breaking down from a bigger bear flag last week. Definitely not looking good. Easy mode from the last few months looks like it’s over for now. Queue the multi-month chop.”
Looking at Ethereum against Bitcoin (ETH/BTC), the crypto strategist says that the pair has already taken out its diagonal support.
“ETH/BTC momentum starting to wane. Is there a date set for [the] Shanghai upgrade yet?”
The Shanghai update, an ETH upgrade delayed to late March or early April, will allow validators to withdraw ETH from Ethereum’s proof-of-stake blockchain for the first time following the transition from the proof-of-work consensus mechanism.
I le taimi o le tusitusi, Ethereum o loʻo fefaʻatauaʻi mo $1,568.
Looking at BNB, the utility token of crypto exchange Binance, Smart Contracter believes that the large-cap altcoin could be printing a bearish head-and-shoulders pattern on the weekly chart.
“BNB weekly looks absolutely horrid on USD pair and BTC pair.
The US are targeting Binance big time and it reflects in the chart.”
Traders keep a close watch on assets forming a head-and-shoulders pattern as it could indicate that bearish momentum is on the rise.
I le taimi o le tusitusi, BNB e tau $287.85.
Aua le misia se pao - lesitala e ave saʻo atu i luga o lau pusa meli ia matala imeli crypto
siaki Faatinoga tau
Mulimuli i tatou i Twitter, Facebook ma uālesi
Surf O le Daily Hodl Mix
Faʻasalaga: O faʻamatalaga o loʻo faʻaalia i le Daily Hodl e le o se fautuaga faufautua. E tatau i tagata teufaafaigaluega ona faia o latou maelega tatau ao le i faia soʻo se tupe teu faʻafaigaluega i Bitcoin, cryptocurrency poʻo aseta numera. Faamolemole ia fautuaina o au fefaʻatauaiga ma fefaʻatauaiga o loʻo i ou lava tulaga lamatia, ma o soʻo se mea e leiloa e mafai ona e maua o lau matafaioi. O le Daily Hodl e le fautuaina le faʻatau mai poʻo le faʻatau atu o soʻo se faʻataʻotoga o aitalafu po o meatotino numera, e le o le Daily Hodl o se faufautua faufautua. Faamolemole ia matau o le Daily Hodl e auai i le maketiina faʻatasi.
Ata Faia: Midjourney
Source: https://dailyhodl.com/2023/03/07/analyst-known-for-calling-bottoms-issues-ethereum-and-bnb-warning-says-easy-mode-over-for-now/