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Downward Pressure to Continue to Mid-day Before More Upward...

POLONIEX:ETHUSDT   Ethereum / Tether USD
...Pressure Continues Until on or Around March 15th; Where we Begin to Fall Back Down to Test Support Around $115.00.

ETHUSDT appears more likely to continue with upward pressure till on or around March 15th than BTCUSD does. To me, this provides more support for BTCUSD in regards to it likely continuing with upward pressure until on or around March 15th. BOTH "ETHUSD" and "BTCUSD" are experiencing downward pressure currently until at least mid-day before we see another bout of upward pressure till on or around March 15th.

Could everything begin to fall now to test support? Sure, it could do that. Which is why you may want to consider taking "some" profits now and potentially holding on to another percentage for a potential move upward and peak on or around March 15th. Maybe you wish to sell some now and buy back in on this current dip? That's your choice. I'm simply not sure how much of a dip we can expect here at our current location.

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Happy Trading Everyone, and Have A Good Day!

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