ETHER FINDS A SHORT TERM BOTTOM

Long Signal issued on day charts for ETHUSD at 1312 on 160722 with a short term target of 2297. This is at best a rebound in view of the downtrend on both the Long and Medium term charts with overhead pivots at 2297 and 4279 respectively.

Bias is still to the downside.

MONTHLY DOWNTREND SINCE 200622
WEEKLY DOWNTREND SINCE 170122
DAILY REBOUND SINCE 160722

PIVOT 1070
Long Positions above 1070 for 2297 and 4279
Short Positions below 1070 for 736 and 277