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InvestingScope

Second target hit. Lower High made. Resuming downtrend.

Short
Ethereum (BITFINEX:ETHUSD)  
InvestingScope  
BITFINEX:ETHUSD   Ethereum
Trend Analysis Chart Patterns Technical Indicators ETHUSD ETH Ethereum (Cryptocurrency) ethereumusd crypto cryptoc Cryptocurrency cryptocurrencies
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trendanalysis chartpattern indicator ethusd eth ethereum ethereumusd crypto cryptoc cryptocurrency cryptocurrencies
TP2 = 176.16 (July 29, 2017 low) hit as 1D made a new Low at 169.35 (RSI = 33.683) before it spiked to 226.94. That level was again rejected on what seems to be the latest Lower High on the 1W Channel Down (MACD = -97.260, Highs/Lows = -132.5717, B/BP = -252.1900). We are short again on Ethereum, targeting 176.16 once more and 138.61 in extension. Any upside attempt should be limited by the 273.77 Resistance (short accumulation point).
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