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$ETH Quick Short Before The Breakout!?
Here we can see an orange cup and handle with a falling broadening wedge handle.
Falling broadening wedges break to the upside 68% of the time.
If you look closely inside the handle. You can see a pink M pattern that will bring us down for the next wave, inside the falling broadening wedge.
This retracement would bring us down near the golden pocket of the local Fibbonachi Retracement.
The golden pocket is an institutional investor's favorite place to accumulate.
In my case, this is probably where I'll close the short trade near $2,288.
NFA, DYOR ⚠️
#Crypto #Trading #ETH