ETH crashed 24.3% from the highs around 1170 to retest and reject the 900 level inside a flag hitting short term sell targets and creating bullish divergence at the bottom. Possibilities for a long continuation are in play if the immediate structure breaks
This level is physiologically important but also the level that supported price after it hit all time highs back in January 2018.
For this setup to be valid the daily open and today’s session Point Of Control must break. This will validate a bullish continuation and bring more buyers in.
Possible short term targets should be at the previous highs with possibilities of an even deeper rally should this level break.
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