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$ETH Forming Lower Highs

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KRAKEN:ETHUSD   Ethereum
  • Update from the previous analysis, $ETH reached $245 and is now forming lower highs meaning bearish momentum

  • Only difference between now Friday before the spike up is that our $220 level has turned from resistance into newly found support

  • I'm thinking that if this momentum continues we should see another touch of $220, I mean that lower high doji candle just doesn't look good at all

  • Could also be a bear trap for the bulls to f**k on your position, but doesn't matter I still haven't re-entered from my $245 sell so we're chillin for now waiting on re-entry

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