Down Trend is Continue

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum is suppressed by the down-trend line and key resistance at 142.00. Meanwhile, the fifth down wave is going on, which will indicates completion of the rebound from 131.60. It'll test the support at 139.50 first. Further decline should be seen to 61.8% retracement of 147.45 to 131.60 at 137.65 and 135.00 next. Upside, though, break of 142.00, it'll turn focus back to 143.65 and 147. 40 resistance instead.

The target is 135.00.
Turning point: 142.00.
Under 142.00, bearish , target price is set at 137.65, then 135.00.
Above 142.00, bullish , target price is 143.65,then 147. 40 .

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Comment: Target Reached.


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