I think I do not have to explain much here. As you can see, after the break of the trendline, we make a correction. This correction could be a triangle as you can easily see. However, if we break up or down and do not finish the triangle, then it is NOT a triangle. That would mean that we would make a complicated ABC correction. The lower part serves as support, the upper as target. If we break the support, then I recommend you to cancel the trade. If we break the target (upper area), then I also recommend to cancel the trade. That would mean that big players want to bring people to FOMO BUY. However, it is your decision. Feel free to trade.
By the way, that could be the confirmation for the C wave of the ''FINAL CRASH OF ETHEREUM - PERSONAL TARGET @100'', check it out:
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''If we break the support, then I recommend you to cancel the trade.''
If this area does not hold, then this is not a triangle and there is a very high chance that we drop very much. Stay careful.
Agree. ETH laggs behind BTC and so has a much larger downtrend to come.
calumon
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Thanks for the update. What do you think will be the target here? I'm also short but did not mention any targets as I am not sure where it will bounce: