ETHUSDT
Hi, this is the MATE. Before we start to discuss, I would be glad if you share your opinion and hit the like botton!
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After ETH broke through the resistance line(blue), it is rejected by the red resistance zone, which is also the 0.382 level of Fabonacci.
We should be careful about the risk of falling down again to retest the blue support line (resistance line changes into support line).
If ETH succeeds to rebound at the blue support line, it might have a trend like the green path.
If the blue support line is lost, it opens up the possibility of retracing back to 1.272~1.382 level of Fabonacci. (like the red path)
Retest the blue support line then we confirm the trend for ETH, would be the plan.
So I would wait for any confirmation above $3,132 support.
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