stevenslicer
Short

ETH/USD 1 Hour Chart Bearish Scenario

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The 1 hour chart version of my 2 hour chart for ETH/USD bearish scenario.

Elliott Wave & Fibonacci. Ethereum repeatedly failing to break the 0.768 line on the fib and looks to break down to lower levels, exactly as it did a few days earlier.

Note: I wanted to see how the 1 hour & 2 hour both play out and which will be more accurate. Slightly different candles/wicks/angles on the one hour.
Comment: Here's the original 2 hour chart:
so now that it's reached $140+ what's the news?
Reply
stevenslicer rhasan1987
@rhasan1987, still no higher high for a 3rd wave confirmation, downtrend still happening.

Adjusted chart for 4 hours (old green lines kept in).



Short still open.
Reply
stevenslicer stevenslicer
Would need to break $153 or $163 for to look short term bullish.
+1 Reply
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