Mambotrade

Ethereum in a parallel channel

FOREXCOM:ETHUSD   Ethereum
Ethereum has been consolidating in a ascending parallel channel in a 4-hr time frame.

There is a negative rsi divergence there.

We may short Ethereum once the parallel channel breakdown.

Support/target levels or there on the chart.

Can wait for a entry, Once it retest the parallel channel support we can enter the trade and hold it till our target price.

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