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tapasdhanadana

ETHUSD : If bears are stronger than Ethereum may retrace to 234$

Short
Ethereum / TetherUS (BINANCE:ETHUSDT)  
tapasdhanadana Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
Trend Analysis Chart Patterns Technical Indicators ETHUSDT ethusdshort
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trendanalysis chartpattern indicator ethusdt ethusdshort
Ethereum is currently facing the 245$ resistance level. Bears looks little stronger and buyers strength is weak as of now.

RSI bearish divergence, Volume is getting lower to support the bullish price movement.

If bears become more stronger then the bears will be able to bring ETH price down to 234$ level.
Comment:
Yesterday I posted this idea few hours before the downfall, the downfall target was 234$ and it reached the target and even broked it. If ETH break the 230$ level the new downfall target will be 225$ and 220$ and even 204$.

I will post a new update if any major price movement happens.
Trade closed: target reached:
Comment:
Most of your Stop-Loss may be hitted if you were in a short position.
That is why your entry should be at the correct level, otherwise you are gonna lose your equity if you don't know money management and RRR.
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