AUDUSD has been tracing out a long H&S pattern for months. Very well defined.
Ready to cross trendline.
Projected downside is territory not seen since the early days of COVID. So perhaps another knee-jerk government reaction / shutdown is in the cards, or Mandatory Vaccine Passport, or similar. Australia's summer of discontent perhaps.
ETH has become too expensive for Smart Contracts. This is because its poorly designed and hugely inefficient. Look for something else to replace it. And as DeFi is still growing, whatever replaces it will receive huge demand. This chart compares against BTC which isn't necessarily the beneficary of that, just a crypto baseline to measure ETH's fall.
