Ethereum
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ETHUSD Classic Broken Channel Long

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Hello everyone.

As we can see channel trend was broken sending ETHUSD higher. A bullish Divergence identified. Can be happy placing long in relief rally on basis of peaked inflation from the fed.

Let me know your opinions.
Nota
Update: While the price of ETHUSD did retrace as expected here and should continue, major indacators are now flashing bearish meaning the retracement line could be broken. A freefall into $600-$700 level is possible in this scenario. Risk/reward less competitive now.

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