Updated

ETH golden cross, down to go up much harder

it normally happens in the history of btc and eth,

Golden cross, do tend to lower the price to later rise the price.

inverse happens with death cross the tend to do a temporally raise o later fall much harder.

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previous idea

ETH next big levels if this is not the top

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other option will be falling to 190 200 area

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if we respect the curve a 230 bounce will be expected.

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target reached quickly but not sure we will not keep it testing

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so the resistance held around 235, and the curve support is still working, if we go up for know will be extremely bullish last time we did had a 5d downtown, this is only been 2 days, still hesitant to see is done, but we are ina good spot,

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we could be in a abc , we need to keep the options opened

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last golden cross bounced from the 100MA

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x /studio/boss2/mov/sq1600/anim/sq1600-s15-anim.mov eth is srong, but we are in acritical level , if we go down we could be forming a double top.

we did had a head and shoulder with target in 231 but we got short and stay in 235-240, know we do have a inverse head and shoulder target 304 but we the danger of bull trap if we create a double top.

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double toop it was I was having a gut feeling back to test the long curve support

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we touch the support but with big wigs, i will like to see a bigger candle touching the support the last golden cross took 16 days to go above previous price.

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zooming in we could be forming an ascending triangle quite bullish

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close to test the support again

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we did touch it less see if we keep testing it.

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other alts at support too

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link

Trade closed: target reached

target for the short reached, need to evaluate what to after we broke bellow the support line,this support had broken on the past but if will attrach eth back 240-230 is a bit of dump prodthone where anything can happen a breal bellow 230 will probably target 200 , where the 50MA and previous support will create resistence,

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so 230 broke and know see if the new support matters

200 is still a posibility

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until 0.68 will be a correction lower than that a downtrend

luissjp

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luissjp