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FieryTrading
Nov 19, 2021 2:51 PM

🔥 Ethereum Successful Bounce: Recovery Incoming Long

Ethereum / TetherUSBinance

Description

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A few days ago I made an analysis on the bearish move of ETH and the incoming support area from $4200 - $4000.



As expected, the 4k level proved very resillient and has caused the massive reversal which we can see today. I'm expecting this dip to be bought up very quickly, this train will not stop until we reach the $4300 - $4350 area. After we reach the target area, bulls will have to prove themselves and that this is not just a consolidation phase within a bigger downtrend.

Happy trading!

Comment

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Also, take a look at this 4-month support. Held perfectly!

Comments
Vibranium_Capital
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Good job
KlejdiCuni
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great job
JohnRckr
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Amazing as always, that 4 month support is just beautiful
Helical_Trades
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I like your idea !
UnitedSignals
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I guess we have a similar view on that. Well done!
AtlasTrades
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Looking good, thanks
VasilyTrader
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Noted, thank you!
YMGroup
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Very good brother, thank you
MMBTtrader
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price can rise more
trytofeelpositive
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hi mate, nice chart
share my midterm vision with u, what do u think?
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