DZ3572

ETH at downtrend resistance as equilibrium tightens

BITFINEX:ETHUSD   Ethereum
I zoomed in the daily equilibrium to the 4 hour to make it a little clearer. We are looking at an hourly rising wedge that lines up with the downtrend line of the equilibrium pattern and would fit perfectly with a lower high to tighten the range more. I'm cautiously bearish with a price target around 650 for ETH right now, but flexible if the bulls prove themselves. I would love the equilibrium to tighten up a bit further to provide a really clear break with a nice tight stop for an optimal risk/reward setup.
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