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ETHUSD Potential bearish drop | 28th Feb 2022

On the H4, with price currently moving below the ichimoku cloud , we have a bias that price will drop to take profit at 2320 in line with the horizontal swing low support from our entry at 2736 in line with the 50% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break entry structure and head for stop loss at 2834 in line with the horizontal overlap resistance in line with the 61.8% Fibonacci retracement .
4 hours ago
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