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ETH Weekly - Key Level of Support Coming...

By dcardona1
On the weekly chart, we are approaching a few key levels of support. If we break the 2nd level of support along with a moving average cross and and RSI value below 40, we will be longer term bearish.

Things to look for:
  • 1st level of support between $400-$415
  • 2nd level of support between $360-$395
  • Potential spike lows between $275 (level of support) -$320 (786 Fib retracement)
  • Moving Average 21 weeks getting close to crossing 50 week moving average. If this crosses, longer term bear market.
  • RSI reaching a level of support at 40


Good Luck!



Chart PatternsETHUSDTrend Analysis
dcardona1

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