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ETHUSD technical analysis 25 june 2020
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hourly chart analysis
The H1 chart should be used for short term trading position entry and exit
We are ranging within the price 230 and 250
We have seen a bounce off the 250 level
Analysis on longer term timeframes will guide us through the coming weeks
Potential retracement to 200 levels
four hourly analysis
Price is slowly trending back to the peaks around 280
The trend line has supported the price well
Even with a price spike in Mid-march we see the price retrace to safety levels
Since then the price has slowly gained demonstrating demand
Potential challenge to 280 levels
On the daily chart we can see use fib retracement
The 61% channel has broken up
We should therefore see challenges to both the 61% channel again and potential momentum towards the 100% level (280)