Overall, it is still in a small step forwarding bullish. Possible development next of the ETHUSD pair: 1. Lime Scenario After cumulation, stand firm above 130 Day MA, then Breakthrough the purple line(160 Log MA), to challenge previous high.
2. Blue Scenario (copy the previous behaviour) A temp quick dump to Break down(130 Log MA + 120 Log MA) for testing the support, then get throught the puple line.
What it might be? Let's observe it.
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Looks like "Blue Line Scenario" +ing
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The expected Quick Dump come....
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Closed lower than 700 log MA General Speaking, it might test 700D and 750D MA again, which it is our target buy zone. (See the Yellow Support Trend Zone)