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ETH/USD drops below the upward trending line following bearish price action

From fxstreet.com

ETH/USD bears remain in control for the second straight day as they aim for the $230 price level. The 20-day Bollinger Band has narrowed, which shows decreasing price volatility. The Elliott Oscillator has had eight consecutive red sessions. ETH/USD bears remained in control of the market for the second straight day as the price dipped from $233.77 to $230.20. The price dropped below the upward trending line, while still hovering between the SMA 20 and SMA 50 curves. The 20-day Bollinger jaw has narrowed considerably, which shows decreasing price volatility. The Elliott Oscillator has had eight consecutive red ... (full story)

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  • Category: Technical Analysis