✴️ Monthly Ethereum | Doom Signal

٨ مايو

Good Wednesday my fellow Cryptocurrency traders, I hope you are having a wonderful week. We are going to be looking at Ethereum now so please, take a minute of your time to enjoy this chart.

Consider hitting boost before reading and leaving a comment once done with your opinion about this analysis and some of the thoughts, images and visions that came up while you were reading.

Feel free to share!

Monthly Ethereum Chart

Look at this repeating pattern on the Ethereum monthly chart, it points to May (#4) being a major bearish month.

Let's go back to 2021 —look at the numbers on top of the numbers: 1, 2, 3 and 4.

The past

➖1) October 2021. Ethereum moves forward with maximum bullish momentum.
➖2) November 2021. Ethereum peaks and leaves behind a neutral candle.
➖3) December 2021. Ethereum deletes all the gains from Nov. and closes below the previous session low (bearish engulfing).
➖4) January 2022. Crash. Bearish continuation. Notice that the month started green (upper shadow) just to produce the strongest bearish session ever.

The present

➖1) February 2024. Ethereum moves forward with maximum bullish momentum.
➖2) March 2024. Ethereum peaks and leaves behind a neutral candle.
➖3) April 2024. Ethereum deletes all the gains from March and closes below the previous session low (bearish engulfing).
➖4) May 2024. Crash? Trading below support. Notice that the month started green (upper shadow) and is now trading near the session open.

Looking at the similarities between now and then, we are set for a massive crash in the coming days.

The monthly chart is pointing to a crash now, this month; May 2024.

Are you prepared? If not, please do so!+

👉 After the final drop is in (correction low), there will be plenty of opportunities to jump-in a new, to buy-in, rebuy and reload.

Thanks a lot for your continued support.

This is plain and simple TA.
Thank you for reading.

Namaste.