Ethereum (#ETH) has been on a steady decline since triggering an overbought and bearish divergence signal on August 22, with a maximum drop of 12.85%. Now, it’s flashing a fresh oversold signal, completing a full cycle from overbought to oversold. That said, while the signal is there, the high risk-reward long entry is still a bit off. Ideally, I’d like to see a wick down to the EMA200 zone, which also lines up with previous lows. Even so, I’m keeping my targets conservative: even if there’s a bounce, I’m only looking at it as a rebound—not the start of a new uptrend.
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I now see that posts about property deeds, account balances, and all asset displays are automatically labeled "matrix"... I have just one question: will anyone really believe such accounts? On one side, showing off A9 assets, while still claiming 50u airdrops... I strongly suspect that domestic MLM, direct sales, and self-media have already thoroughly infiltrated the crypto.
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Did some rough calculations—not using precise moving averages here. As long as BTC closes this week above 107.5k, we won't see a weekly MACD death cross or divergence. But if the price stays low, a death cross is pretty much inevitable next week... Unless BTC can reclaim 119.5k this week, there's little hope of avoiding the death cross.
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