InvestingScope

Extended the Ascending Triangle. Various patterns near breakout

Short
BITFINEX:ETHUSD   Ethereum
Ethereum has extended neutral trade of the past 15 days within the 1D Ascending Triangle (RSI = 49.722, ADX = 16.549, Highs/Lows = 0.0000) on a very narrow range of 213 - 238. Various patterns are near completion and break-outs are imminent. Although theoretically break-outs can trend both ways, due to the underlying selling pressure on the 1W Channel Down (MACD = -103.160, Highs/Lows = -53.2389, B/BP = -156.6420), we will remain bearish on ETHUSD with TP = 176.16 and 138.61.

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.