This article was posted on Wednesday, 14:43, UTC.
Ethereum: Take Profit On Short-Term Positions near $300
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Ethereum, 4-Hour Chart Analysis
The coin has been in a strong bounce since we pointed out the climactic nature of the decline on Monday, and it’s now up by almost 50% since the bottom. Although more advance is entirely possible, we suggest taking some profits on the positions opened during the correction. The short-term downtrend is still intact, and we expect better buying opportunities to emerge before the consolidation is over.
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Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.