InvestingScope
Short

Extended the Ascending Triangle. Various patterns near breakout

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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.
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Nice call. How much is your service?
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Imho, too dramatic
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