Short Term Bullish
You can see ETH consolidating right here and testing the 1860 range a couple times. There is alot of buying pressure here. In addition to ETH breaking out of the descending channel and confirming two candles on the 4H time frame I have reason to believe that we will see some upwards momentum. I will be taking a long position at 1860 with a tight stop loss around 1847. On the flip side I am looking at taking profit around 1950 as it tests that recent zone.
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