cryptofamily

😨 According to information of Coindesk, a "death cross" has formed on Ethereum, potentially marking the beginning of a major bearish trend. Ether's price has dropped over 5% to $2,375 on Tuesday, with its 50-day simple moving average (SMA) on track to cross below the 200-day SMA to confirm the so-called "death cross." 
Other major tokens are also under pressure, with names like BNB, SOL, DOGE and LINK trading below their 200-day SMAs just as ETH. The 200-day average is widely considered a barometer of long-term trends, with dips below the same associated with a bearish sentiment. 
But for some reason I think that this is a temporary phenomenon and in the near future the vector of movement will reverse and the trend will change to a positive one.
What do you think about it?

This market decline is very painful. We were all waiting for a bullrun, but it seems we missed it. Thanks for this review and I hope for a better outcome 503 $DEGEN 
What are your expectations?

jewelry enthusiast 💎                                      
looking for balance, love of details             




drawing, yoga, investment, fashion

As I wrote, I think this is a local weakness, and the trend will change to a positive one in the near future. I think this is the natural behavior of the market😉