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Ethereum: Descending Channel

ETH/USD, 1 hour    LONG Jul 13
As we can see a descending channel has been recognized, the price wants a next move to confirm descending channel breakout. A descending channel suggests a bullish pattern that is angled down that can be used to signal a downward trend is about to reverse into an upnward trend when price breaks out to the the upside. It is not ruled out that a bullish continuation towards the 1890 zone will form on impulse above 1886 as indicators favor bulls.
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