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Ethereum Prepares For Correction (30% Drop Possible)
Ethereum
Short
Ethereum Prepares For Correction (30% Drop Possible)
By AlanSantana
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Updated
Feb 21, 2022
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Nov 17, 2021
Ethereum (ETHUSD) is not as weak as Cardano or Solana which we just looked at (check related trade ideas below) but also aiming lower.
Right now support is set at $4114 or EMA50.
Below this level, we can see a strong correction take place.
We have the RSI moving below 50 and the MACD trending down strong.
We will go for MA200 first or $3112 and reach up to $2760.
We become stronger after the correction.
Be wise.
Be patient.
We are here long-term.
Namaste.
Nov 26, 2021
Note
We are still tracking this analysis.
This might be only the beginning.
Dec 1, 2021
Note
Looks like it will be going down after a lower high...
New update coming out soon.
Feb 21, 2022
Trade closed: target reached
altcoins
Beyond Technical Analysis
crypto
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ETH
Ethereum (Cryptocurrency)
ETHUSD
Technical Indicators
Trend Analysis
AlanSantana
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