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ETHXBT: Downtrend may continue until we retest 0.0088

KRAKEN:ETHXBT   ETHXBT
The price is still contained in a descending channel (red). 4H tweezer top confirmation (marked with pink rectangle) suggests that the ascending bull channel (green) will most likely be broken in the coming hours. Closing below 0.0088 means the downtrend continuation. Should the price close anywhere above 0.0097, this would signal a new emerging uptrend.
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