Ethereum on the 4HR already broke out of rising channel and now looking for more downside.
Relative Strength Index looks weak as it’s getting rejected off mid channel.
Downside Targets in chart. Invalidation above horizontal grey area.
Relative Strength Index looks weak as it’s getting rejected off mid channel.
Downside Targets in chart. Invalidation above horizontal grey area.
Trade closed: target reached:
$ETH touched $1473 and $1419 respectively