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Info in chart. A short term long can be considered when MACD confirms the start of the last leg. Where exactly point 4 will turn out to be is dictated by Bitcoin , and if Bitcoin is incredibly bullish it could even invalidate this setup entirely, but I think the probability of that is small. The target is around 0.067-0.07, this area should offer some resistance. I expect it to be broken eventually, but to trade that we should make a new analysis and plan.
CryptoNo0b
BTC is bullish at the moment, is this analysis still valid?
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Repelsteeltje
CryptoNo0b
@CryptoNo0b, I would wait and see what is going on with BTC now, as long as it continues this crazy rally ETH will probably not go up against BTC. I'm still pretty confident that the target area will be reached, but it may take a lot longer and in the meantime ETHBTC could dip further.
+1
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thefour
what do u think about the low of eth
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