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.