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Ethereum analysis: Important info. to keep in mind.

It was mentioned in the previous post for Ethereum analysis (which can be found here) that the sideways price action which lasted over a month suggested a sideways channel whose width could be used to project a minimum expectation for price upon breakout.

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Ethereum broke out below the bottom of the channel and is currently attempting consolidation with the width of the arrow hitting the target as soon as a successful close below the bottom of the channel was complete.

The bearish swing from November 9, 2018 to current date is identified in this Ethereum analysis as a bearish channel. Price level to watch is between 152.39 and 142.78 with a break above the former possibly indicating a possible termination of the current bear trend in Ethereum.

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Interested in Bitcoin analysis (BTCUSD)? Check out our previous work here. Moreover,  GBPCHF analysis (FX) can be found here.

 

 

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