Ethereum is trending bearishly inside this channel and has just made a swing high. I expect a fairly dramatic devaluation of price here as the price moves to the lower end of the channel. A reasonable target if the bearish retreat ifs confirmed with bearish price action would be near s2 around the $190 region.
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icculus
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Perfecto! What happens now that its the bottom of the red ichi cloud?
wedge21
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my 2 cents, ETH is breaking through the cloud and might turn up bullish sooner than expected.