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goncalo1971
Oct 13, 2022 2:58 PM

ETH on the back of hotter-than-expected US CPI  Short

Ethereum / U. S. DollarKraken

Description

The breakdown is recent and a longer-term continuation should be confirmed by an acceleration below the aforementioned descending supports.
Notice I work with channel lines only. Questions are welcome.

Comment

The invalidation happened, and we got an upside breakout instead of what seemed to be initially a bearish continuation pennant-shaped pattern.
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