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ETH Double Bottom: Upside Target: USD1130
ETHUSD
, 240
Long
ETHUSD: ETH Double Bottom: Upside Target: USD1130

ETH saw a correction to region of USD570 on 6th Feb and rebounded almost immediately, hence forming a double bottom on the 4-hr chart. Struggled within the downtrend channel, inching to the top of that channel over the next 5 days. Based on the double bottom and potential for the big boys to step in this year, we could very likely see ETH moving towards USD1130...

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