420 hit again. New Resistance test. New short.

16 ביולי 2018

The price action delivered 420 again as Ethereum made a complete resistance - support swing within the 4H Rectangle (roughly 420 - 490). This is the current scalping strategy for short term profit seekers on ETHUSD, but the 1D Channel Down (mostly neutral Highs/Lows : 0, RSI: 49.437) should soon start applying selling pressure (MACD = -16.790). TP intact = 357.60 (April 01,2018 low).