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Ethereum Rejected Off Of The 20 Day. Head And Shoulders In Tact. Target remains at $1,262.
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Yesterday’s ETH close was bearish. Long spike to the 50 & 20 day sma and then closed for a red day. This makes the case for the bearish head and shoulders even stronger. Target still at the 200 week sma which is at $1,262. Bitcoin is hovering close to the bottom a close below $19,500 would be the lowest close in this 10 day bear situation we are in. I think we’re in for another spike down, but we’ll let the chart do its thing.
#terralunaclassic #lunc #bitcoin #ethereum #crypto #trading #investing #cryptotrading #cryptocurrency #btc #eth
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***WARNING*** All bitcoin, ethereum, crypto, and other content reflects the personal opinion of Calvin Weight and anything stated or implied does not speak for any company in any official status. I am not a licensed or accredited financial advisor and no opinion should be taken as financial or trading advice. It is safe to assume that I am invested in or have a financial interest in everything that I talk about here so my opinions are skewed. Trading especially with leverage is risky - do not invest money you aren’t prepared to lose.
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