A crypto strategist who nailed Bitcoin’s (BTC) 2018 bearishness flooring is alerting Ethereum (ETH) and BNB holders that both large-cap coins are flashing bearish signals.
Pseudonymous expert Smart Contracter informs his 221,100 Twitter fans that Ethereum is revealing the exact same bearish extension pattern that it flashed recently.
“Bearflagging once again basically immediately after breaking down from a larger bear flag recently. Certainly not looking excellent. Easy mode from the last couple of months appears like it’s over in the meantime. Queue the multi-month slice.”
Taking A Look At Ethereum versus Bitcoin (ETH/BTC), the crypto strategist states that the set has actually currently secured its diagonal assistance.
“ETH/BTC momentum beginning to subside. Exists a date set for [the] Shanghai upgrade yet?”
The Shanghai upgrade, an ETH upgrade postponed to late March or early April, will permit validators to withdraw ETH from Ethereum’s proof-of-stake blockchain for the very first time following the shift from the proof-of-work agreement system.
Sometimes of composing, Ethereum is trading for $1,568.
Taking A Look At BNB, the energy token of crypto exchange Binance, Smart Contracter thinks that the large-cap altcoin might be printing a bearish head-and-shoulders pattern on the weekly chart.
“BNB weekly appearances definitely ghastly on USD set and BTC set.
The United States are targeting Binance huge time and it shows in the chart.”
Traders keep a close watch on possessions forming a head-and-shoulders pattern as it might suggest that bearish momentum is on the increase.
Sometimes of composing, BNB deserves $287.85.
Produced Image: Midjourney