TP hit. Channel Down continuation.

15 Jun 2018

TP = 0.1443 hit, as the 1D Channel Down (RSI = 34.874, MACD = -0.025, B/BP = -0.0337) was rejected off the latest 0.208611 Lower High (Highs/Lows = -0.0217). As expected it hit the cross of the Pivot Point and the first support (dotted blue line + green line). After a short consolidation expected on the 4H level (seen on the circle) on neutral CCI, Highs/Lows, we expect the final test of the 1W support = 0.1217. After that we will update on a potential small bullish break out. Breaking of 0.193255 now voids the whole pattern.