ETHUSDT Bullish and Bearish scenarios

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ETHUSDT currently trading sideways trying to regain white trend line which was acting as important support after Septembers 24th sell-off. If that line is recovered a bullish scenario entering a channel marked by yellow lines is possible with a high of 235.58. Bulls need to get a daily close above 191.5 to confirm this scenario. Also 200 daily MA is at 211, so this will be a short term resistance.

Bearish scenario is to loose current support of 180 which is also a current point of control in 12h chart (marked by blue horizontal line). And then breaking down to Septembers 24th sell-off low of 150.

*Don't forget that no single indicator is enough to make investment or trade decisions get all the information you can. Be patient.

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