SHORT ETHBTC Bears firmly in control
Technicals align with fundamentals here as China's policy change against ICO's in theory should hurt ETH more than BTC. We see price in a downward wedge and looks to be flagging for the next leg down. I think a 3 Day chart shows the weak bounces off .07 the best, but I don't have that available on TV. It seems .05 is our best bet for a target where we see a temporary blowoff bottom out of our wedge. RSI and Stochastic can't break above 40 which supports our guess of further losses, and DI- is in an uptrend while the ADX trendline is reasonably high and looks to be expanding further. Best of luck.
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