MII1502

Etherum Trend Overview over the past 268 days plus.

BINANCE:ETHUSDT   Ethereum / TetherUS
In the space of 268 days #Eth made a serious move with 1685.10% in profit. unfortunately after reaching its ATH, a huge SELL OFF occurred also in the space of 11 days causing a huge 60% PULLBACK. Considering the previous UP TREND which saw multiple consolidation and false break-out, and the multiple rejections on the trend-line which eventually broke to the downside shows the REJECTION occurred at 61.80% FIB LEV. From technical view, the sell off was huge and unexpected but with such sell off creating a retracement in just 11 days, it shows what to expect if the BULLS dont provide enough momentum to maintain above 50%

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