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ETH - Weekly

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BITSTAMP:ETHUSD   以太坊
Zooming into the weekly timeframe at the previous' posts fibonacci extensions.

Another fib (fibception) retracement is lining up with the extensions.

Should we see these levels respected on this time frame then that would be confirmation to reverse from here.

Along with the uncertainty with regulations, we should expect some news to be a 'catalyst' for this kind of move.

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