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InvestingScope

Lower High made on 1W. Approaching the 166.70 support.

Short
Ethereum (BITFINEX:ETHUSD)  
InvestingScope  
BITFINEX:ETHUSD   Ethereum
Trend Analysis Chart Patterns Technical Indicators ETHUSD Ethereum (Cryptocurrency) ethereumusd ETH crypto cryptos Cryptocurrency cryptocurrencies
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trendanalysis chartpattern indicator ethusd ethereum ethereumusd eth crypto cryptos cryptocurrency cryptocurrencies
Ethereum made and new Lower High on the 1W Channel Down (RSI = 34.885, MACD = -98.260, Highs/Lows = -100.4503, B/BP = -191.8180) and has been strongly rejected already. Since this was just above the 0.618 Fibonacci Retracement level (251.05) on 1D (Williams = -48.061, Highs/Lows = 0), the price should now technically re-visit the 166.70 bottom. We remain short on ETHUSD with TP = 176.16 again and 138.61 in extension.
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