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NFAApproval
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The analysis for ETH on the weekly timeframe highlights significant technical indicators. An ascending triangle pattern is evident, with resistance at a horizontal level. The golden crossover signals a potential bullish trend, complemented by the Ichimoku cloud's bullish outlook. Nonetheless, caution is advised due to the RSI's recent rejection from the overbought region and the formation of a hidden bearish divergence. Confirmation of the bullish sentiment awaits a decisive breakout above the triangle, while a retest of the trendline support within the triangle remains a possibility. Always conduct thorough research and consider the risks involved in trading. #DYOR #NFAApproval
The analysis for ETH on the weekly timeframe highlights significant technical indicators. An ascending triangle pattern is evident, with resistance at a horizontal level. The golden crossover signals a potential bullish trend, complemented by the Ichimoku cloud's bullish outlook. Nonetheless, caution is advised due to the RSI's recent rejection from the overbought region and the formation of a hidden bearish divergence. Confirmation of the bullish sentiment awaits a decisive breakout above the triangle, while a retest of the trendline support within the triangle remains a possibility. Always conduct thorough research and consider the risks involved in trading. #DYOR #NFAApproval
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