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VCXO

Shortterm Short on ETHBTC - Fib. Speed Resistance and Triangle

Short
Ethereum / Bitcoin (POLONIEX:ETHBTC)  
VCXO Updated   
POLONIEX:ETHBTC   Ethereum / Bitcoin
5
0
We have clearly fallen lower into the next Fib. Speed Resistance section. Downward asym triangle is pushing us down further. Shortterm target of .0385. longterm of .0355. Tight stop on downward orange line.
Comment:
Also supported by recent uptrend on BTCUSD. BTCUSD and ETHBTC are negatively correlated.
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