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Big movement expected on ETHBTC after a breach of 0.0250

ETHBTC has broken through a line of 0.0250 and suggests a possible movement to 0.0252 within the next 11 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.

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We expect NIY to trend downwards right now.

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