Update: ETH Breakout Short to 165 minimum

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
ETH has definitely broken out of the channel that I charted almost a day ago.

From a long term view ETH has also a smashed through some very important points of support on the descending triangle and then fully broke out.

ETH is losing support quickly. Every green candle since the breakout has had less and less volume behind it. ETH is definitively going to retest 165, I believe this could happen in the next six hours.

I'm actively trading this.

Trade active: I have been trading this on and off the past couple days. Since my first post ETH definitely followed the fib lines and it became pretty clear to me that when we bounced off the 24% mark we could be going back up, I closed shortly below the 38%, before $172.

Bulls just failed a retest of the 62% mark.

Expecting more down. I entered positions between 177-178


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