InvestingScope

ETHUSD: Waiting for the Triangle to break.

Short
BITFINEX:ETHUSD   Ethereum
The 1D Triangle (CCI = -34.2372, Highs/Lows = 0) on Ethereum has extended for far too long (on a bearish note though with MACD = -3.590, B/BP = -5.9980), longer than most expectations and with the current RSI = 43.229, it can continue sideways until the end end of the month before issuing a break-out move. As long as 1W remains bearish (MACD = -106.080, Highs/Lows = -43.7082), our perspective will remain also on the long term. ETHUSD TP = 176.16 and 138.61.

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