Etherium testing daily trend line

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Etherium is looking nasty.

Price has poked through and is now testing the DAILY trend line. Given the weak nature of the rally from the last re-test of this trend line, I'm expecting another break and close below.

Targets are the 1.272% and 1.618% FIB extension should a break occur. If this really is the trigger point of the daily breakout pattern, the projected target is $23. Yep, you did read that correctly!

Use limit order for entry method to catch the break below.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.



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Trade triggered. Is this the beginning of a much larger correction? I am likely to leave partial position on after Target 2 is reached.
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Profit target 1 hit!

Holding the rest with stops near BE
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Rising wedge pattern on 1 hour chart. Looking good.
breakoutChart PatternscryptoetheriumpatternTrend Analysis

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