huntingtonresearch

huntingtonresearch Updated 

If downward pressure continues and BTC is sucked into the channel price action will remain in the sub 30K area. We will need significant capital inflows to propel us out of the channel once inside.

huntingtonresearch

As you can see the down channel is following fibs perfectly. This still appears to be a healthy correction to me. I would not start to be concerned until we drop out of the channel in my mark up. Still on target to hit mid 20's, then breakout. Patience until then, then buy! We are in a bearish market, not a bear market!

huntingtonresearch

Perfect formation here. I'd be hesitant to go long until we see are into the 20K range.

huntingtonresearch

Eth 20 day EMA has crossed 50 and converging on a double cross. Expecting negative action if trend continues and double cross occurs.