InvestingScope

Hit a 1W Resistance. Short.

Short
BITFINEX:ETPBTC   None
ETPBTC has seemingly reversed already after hitting the 0.00029564 Resistance on 1W (RSI = 54.551). 0.00022501 and 0.00019525 are the support levels to watch (the latter is our current short's TP also). If the price action imitates the previous pattern (Jan - March) on 1W then we will have another Resistance test before dropping further. In any case shorting here for medium term targets = 0.00013581 and 0.00009315 is more viable.

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