ETHUSD: Triangle extension. Wait for bearish break out.

The 1D Triangle on Ethereum has been resilient and is still preserves its neutral condition (RSI = 50.447, STOCH = 48.061, STOCHRSI = 51.467, CCI = 31.1071, Highs/Lows = 0.0000). We can only wait for the price action to direct us after this pattern breaks, which according to the overall bearish 1W trend (RSI = 35.893, MACD = -101.010, B/BP = -77.2940), should be below the previous 167.00 Low. Assuming a moderate 50% decreased Lower Low sequence, the end target is 139.80.




** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.