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We’re short | 14 August 2018

14 August 2018, ETH

Wave Analysis:
After breaking below the 4 hour support level 368.18, Ethereum pulled back to the same level and is now heading to the lowerside. As long as the price remains below 368.18 and within the falling wedge formation, we expect a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 283. If you’e not short already, wait for minor corrections to the upper side. Especially towards 368, then pick a long term short position.
Trade Recommendations:
We’re short

101% Double the volume

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Bob Stan
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