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ETHUSD: Sideways at Worst; Upward at Best to $1,691 Next Stop

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POLONIEX:ETHUSD   Ethereum
Hi Everyone! I'm seeing upward pressure potentially continuing at least for the next 5-Days based on what we are currently seeing with the White Energy in the 2-Day time frame. If the White Energy in the 2-Day comes down a bit and then begins sloping out to the side more on a less steep decline, we could see this upward pressure continue for a longer period than 5-Days before a potential setback. REMINDER: The price action does not have to go up significantly during a period of upward pressure. It's possible to go sideways within a trading range during the period of upward pressure (time correction) rather than seeing a breakout to the upside during this period of upward pressure. I'm leaning more towards a breakout to the upside.

Happy Trading and Stay Awesome!

David

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