Reason is a weekly rising wedge and topping on a weekly 9 sequential.
Nota
The TD sequential is printing a weekly RED 1, if next week trades below the support it will become a RED 2, which technically is a TD short signal. If that happens, this trade will be active and ethereum will very likely move all the way to 84 dollar.
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.