TradingView
InvestingScope
Jun 26, 2018 10:31 AM

Target hit. Resistance test and further downside. Short. Short

Ethereum / DollarBitfinex

Description

TP = 420.31 hit much sooner than expected, as 4H searched the 1D support more aggressively (MACD = -11.200, B/BP = -22.1840) without entering into a Rectangle consolidation. With 1D on highly aggressive Highs/Lows = -24.7820, our next target for ETHUSD is the 357.60 April 01,2018 low. The last TP (under circumstances) is the November 02, 2017 low = 273.77 (will make many updates prior). Always keep in mind that Ethereum is on a 1W heavily bearish Descending Triangle (RSI = 42.336, Highs/Lows = -56.4853, B/BP = -310.0400).
More