This Scenario is Quite Possible for ETHUSD

Atualizado
Simply providing an update to the potential future price action for ETH based on indicators and what I'm seeing with LTCUSD and BTCUSD.
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Posting the chart again for a better view without it being scrunched up:

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A little closer look:
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If we continue at the current rate, by the time we reach the top and consolidate; $320 will become support after consolidation. We'll keep an eye on it. One thing is for certain: DO NOT try to short on the way up please.

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