ETH Daily: We have now broken the orange trend line which we discussed yesterday and that clears the way for further downside. I see next support at $557.69 and if that clears there is nothing to hold this until the 76.4% fibonacci retracement from the whole upside wave that started in April at $443,74 . Watch the rate Rate of Change (ROC) going below zero and the MACD giving a sell signal as confirmation of the bearish outlook. #notaninvestmentadvice #pleasedoyourownresearch #justmypersonalview
Trade closed: stop reached:
market has broken out to the upside. trade is closed