Ether is making a pullback to its former support zone, which was broken to the downside around 2000/2100$.
The weakness of the move, along with the bearish 20-day moving average, could trigger a resumption of the bearish trend towards the next support around 1565$.
The weakness of the move, along with the bearish 20-day moving average, could trigger a resumption of the bearish trend towards the next support around 1565$.
Trade closed: target reached
$100 drop since the strategy was published in less than 24 hours, we take profits as the 7-day moving average could act as support.
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