We see BTC in a small bear flag, but Ethereum seems to me is trying to break the bounds with BTC. Just FYI. I wonder if Ethereum will follow this channel. Now it is messing around MA20 on 1h chart. What do you think, will ETH eventually drop below, or move inside this channel, or maybe squeeze upwards?
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Seems channel is valid. Bounced from lower part of it and now testing EMA50 on 1hr chart. Next stop is 100EMA that equals upper line of my channel.