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shitty-trader
Jun 29, 2021 2:26 PM

ETH - Time to complete the 5th wave of in C pattern Short

Ethereum / TetherUS PERPETUAL CONTRACTBinance

Description

Ethereum has gone up after testing the support at $1800 and is getting close to the top of trendline as well as 25 daily EMA which proved to be strong resistance so far.

ETH is currently following ABC corrective pattern and it seems that we are just about to complete wave 4 in C and move on to the final 5th wave that will complete the ABC.

Measured target from here is $1300
Comments
Triangle_Traders
We going up
GoingDutch82
Thx for sharing. Lets hope it stays put, like believing in a good ending with every fairytale ;-)
But i agree, everything seems overbought in this short period. I expect a downfall too, not letting my guard down after these rollercoaster weeks.
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