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FXAutomate
Oct 18, 2021 8:26 AM

Inverted Head and Shoulders Suggests a Move Higher Long

COINBASE:ETHUSD1D
Ether / United States DollarCoinbase

Description

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The inverted head and shoulders breakout suggests we could see a move higher towards the Monthly R2 pivot @ 4600. The weekly pivot @ 3750 will act as interim support with a break below it possibly seeing a correction towards the Daily 100 SMA @ 3150

Trade closed: target reached

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Trend AnalysisHead and Shoulders
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