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💰The Daily Crypto Trading -ETH/USD
Update! Ascending support held and we got a push back up to resistance. A break above $2350 would be bullish for price with the next upside resistance located at $2500

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📊 BTC USDT News

⏲ 1 Day Chart

👉 BTC has lost the $30k support area and is now sitting at around $29k

👉 We don't seem to have a lot of buying power here so I expect lower still. However if we do reverse we want $30.4k to be reclaimed before looking for higher.

👉 Areas that we want to look for longs are $28.7k, $28k, $26k, and we have a fib golden pocket from $24.5 to $27.1k

👉 What we want to see on the lower time frame is a bullish candle formation such as a big buying wick or an engulfing pattern for example to confirm a trend reversal, but we need good continuation.

👉 Yesterday we had the strong buying wick after hitting the $30.4k daily level but we didn't get continuation which was a sign of weakness.

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