Forex_Academy

Ethereum lost the bullish momentum

BITFINEX:ETHUSD   Ethereum
ETH/USD upside movement was paused by the 150% line and now is trading in the red. It was expected to reach the upside line of the Falling Wedge pattern. It could still reach it after the yesterday's indecision. Only a valid breakout from the potential Falling Wedge will signal an important rebound because this could be only a temporary rebound. However, a further drop will be confirmed only after a valid breakdown below the 412 level.
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