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Ethereum Bear Flagging?

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Ethereum remains trading in the longer term down trend-line which suggest we have some more downside to go before a reversal. If you examine further into the micro pattern, you'll see a bear flag developing. If this bear flag plays out, I'd like to see the next support area at the $500 price level.

Note: RSI remains quite oversold and so a bounce is also probably.
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