ETH is still bumping against the 62% retracement of the summer sell off. Now trading below it's 21 MA. A close below it today would likely cause prices to accelerate towards the 2700 area. I'm holding my short with stop @ a close above the 62% retracement. AB=CD target still in play (See related chart analysis from a few weeks ago)
Trade closed: stop reached
Fib. Ret. breached. Take the loss and move on
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.