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ETH / USD looking weak
Etherium had a nice rally up to around $320, but now it is looking like it has run out of positive momentum.
The 4h, 8h, 12h, and 1D stochs are all sloping downwards aggressively. This would suggest a little bit more downside to come.
My target range is around $273-285, where the 21 Yellow EMA and 10 Red Simple MA are situated on the daily and also the 21 on the 12h chart.
This pullback could last at least a couple of days, and then maybe ETH will consolidate before trying for higher targets.
The 4h, 8h, 12h, and 1D stochs are all sloping downwards aggressively. This would suggest a little bit more downside to come.
My target range is around $273-285, where the 21 Yellow EMA and 10 Red Simple MA are situated on the daily and also the 21 on the 12h chart.
This pullback could last at least a couple of days, and then maybe ETH will consolidate before trying for higher targets.
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