ETH 4H TF Short entry ( short term )
Market has formed a rising wedge pattern and broke down below the trend line, retest the resistance level and starting to drop. You may also notice the regular bearish divergence has been formed. Initial Target if this drop will continue on the following days would be 1,656.39 as per next support and resistance level. Watch out for a fake out to the upside as we are still in a bull market. :slight_smile:
Take care guys!
Take care guys!
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