EthereumShort
New Lower High and rejection lower
The price successfully made a Lower High on the 1D Channel Down (MACD = -16.120) and should be now rejected on the critical 609.80 point (RSI = 48.286). If it breaks to the upside then the pattern is nullified and we will look for alternative scenarios. However the most likely outcome is a new bearish 4H Channel (ROC = -2.615, ADX = 37.058) within the 1D Channel Down, similar to the previous week as seen on the chart. TP1 remains 487.07 (April 14 support) but the technical Lower Low and TP2 is 420.31. The last target is the 1W support = 357.60 and we will only target it after a Lower High is made.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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