InvestingScope
Short

Ascending Triangle on the short term approaching completion.

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The momentum has shifted sideways on Ethereum as an Ascending Triangle on 1D ( RSI = 48.354, STOCH = 54.832, ADX = 19.004, CCI = 33.4064, Highs/Lows = 0.000 ) has taken over on the short term from the long term bearish 1W bearish Channel (still MACD = -99.410, Highs/Lows = -69.8253, B/BP = -170.5020). This can trade sideways within 230 - 250 for another week before it reaches the depletion point and most likely drop due to the 1W selling pressure. Besides shorting every high to 251.00, we remain bearish on our long term positioning with TP = 176.16 and 138.61.
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