Simple for the smooth brainers. Showing key support around descending triangle with bullish divergence. .618 retrace after third impulse wave. Oversold Momentum in bears favor, waiting for reversal. 1.618 target.
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Update: Support is holding. Looking for a close at or above 1.35 on the daily candle. RSI seems to be switching direction from oversold. Next two-three days looking to break out of the descending triangle. Of course, stay vigilant on Bitcoin and traditional marrkets as they could invalidate the setup.
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