Ethereum (ETH) Likely To Revisit 200 Day EMA Before Its Next Big Decline

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Ethereum (ETH) is on the verge of another major decline as the price fails to break out of the bearish pennant it has been trading in since the beginning of the year. However, the way the Stochastic RSI has cooled off on the daily chart for ETH/USD hints that we might see a false break out that could see the price revisit the 200 day exponential moving average and possibly break slightly above it to mislead traders into thinking the price has broken past a critical resistance. However, it will most likely close below the 200 day EMA leaving a…
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Ethereum (ETH) Likely To Revisit 200 Day EMA Before Its Next Big Decline

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