InvestingScope
Short

Consolidation almost completed. Expect bearish break-out.

BITFINEX:ETCUSD   Ethereum Classic / U.S. Dollar
The price has been successfully contained below the 0.500 (12.200) Fibonacci level of the previous 14.285 (Lower) High, and as the 4H Rectangle is breaking lower ( STOCH = 48.437, Highs/Lows = -0.1522), a new Channel Down is emerging on 1D ( MACD = -0.229, B/BP = -0.2809). We remain short on ETCUSD and this should be the trail to hit our TP = 9.505.
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