For etherum the weekly candle is red/bearish meaning the trend for the push is bearish. It has formed a bearish flag and has crossed it's entry line for a confirmation for a bearish trend. I have placed the target to take profits at 123.19 - 122.07. I will be updating this post through out this weekend and next week depending on how long it takes to hit target.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.