Ethereum has smashed our profit target from the inverse head and shoulders breakdown last week. We anticipated support at $1795, but once $1800's broke, it was smooth sailing down to $1750. Right now, we have broken even below that, and but have support from three levels at $1717, $1694, and $1653. Inverse Fibonacci levels anchored at the range ETH was holding over the weekend project a new low of $1591, should FUD continue. After the three support levels mentioned, we have simply run out of support levels to which to turn. The Kovach OBV is still quite bearish.
Comment:
Ethereum testing our level at $1795. What was once support is now resistance...
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