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ETHUSD technical analysis

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In the past 24 hours, we had a trade idea to brief bitcoin. But we are aborting.Why is the trading strategy scrapped? This decision offers traders some fascinating information. After initiating trades, traders should check for important signals Sticking to the original industry notion is usually a good option. Here we have got an exception to the rule. Ethereum, which influences Bitcoin, has broken out of the bull flag and it is maintaining strength (so no failed break out yet). And it’s above the 20 EMA, as demonstrated in the video. Futures (ES, NQ, RTY, YM) have opened along with a breakthrough the indices might unleash another crypto surge. ETHUSD remaining above the broken bull flag is enough. If cost returns to the channel along with a 4hr candle closes inside it, the bearish assumption may be revisited. Traders must be flexible and limit losses. In this situation, we quit the previos short idea promptly having a loss of 0.7%, or 3.5% at 5:1 leverage. In leveraged crypto investing, this is insignificant. See why we’re taking a modest loss and aborting rapidly in the following ETHUSD technical analysis video, which is likely to effect Bitcoin (Ethereum is the top crypto market leader, technically): https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-trade-idea-20220806// Ethereum

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