CryptoMarket360
Short

Bears still growling for ETH

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The ADX is dropping as trend momentum loses strength.

This happening when price tested Fibonacci retracement levels should be a signal for more lower prices ahead. The red 61.8% level held as selling interest came on at this point. A signal for the bearish trend to resume another week.

Look for a move back toward the $200 level and maybe even lower if momentum builds for the bears.. otherwise just sideways to slightly lower.

Weekly S/R

Critical Resistance: $302.72
Key Resistance: $251.02

Key Support: $228.08
Critical Support: $167.36
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