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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="SOLIDECN, post: 213627, member: 80239"] [HEADING=1][JUSTIFY]ETHUSD - Trading within the mid-term descending channel[/JUSTIFY][/HEADING] [JUSTIFY]This week, the quotes are trying to test the upper limit of the channel, but so far they are being held back by the middle line of the Bollinger Bands. If the price consolidates above the level of 1375, the growth may continue to the levels of 1450.00 (Fibo retracement 50.0%), 1500 (Murray [4/8]) and 1575 (Fibo retracement 38.2%), otherwise it is likely that the downward dynamics will resume and the price will return to the lower limit of the 1250 range, as well as the continuation of the movement of cryptocurrency quotes to the levels of 1125 (Murray [1/8]), 1000 (Murray [0/8]). [img]https://i.ibb.co/nLRCxJx/eth.png[/img] Despite the temporary consolidation of prices, the downward trend in the ETHUSD pair persists, which is confirmed by the downward reversal of the Bollinger Bands, however, the upward movement of the Stochastic and shrinking of the MACD histogram in the negative zone do not exclude the development of an upward correction, but its potential is seen to be limited. [B]Resistance levels[/B]: 1375, 1450, 1500, 1575 | [B]Support levels[/B]: 1250, 1125, 1000[/JUSTIFY] [/QUOTE]
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