I think we need to pull back more before any more upward movement, current situation from my POV defined in chart
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I think that any upward movement now will be thwarted around 400$ again on lower timeframes, and in this case the larger pullback will only come faster. However - A weekly close above 400$ is massive, this will probably generate a fat green candle and we're not looking back! I think this scenario is 20% chance while 80% favors bears right now.
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Price moving according to plan.
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As expected, price finally made a decisive roll over and we can expect support in the mid to low 200 region. I think the upmove from there will be explosive so prepare your buy orders. Stop loss right below 200 for me.
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Slowly grinding away , waiting for entry still
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Squeeze move, expecting continuation down.
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Price fell as expected, i expect eth to nibble away at support and perhaps break it now