Bitfinex Tokens setting up bearish

14 Des 2016

A bearish Ichimoku cloud breakout is setting up on the Bitfinex repayment tokens. A bearish trend could form on the break of the consolidation which has a bottom around $0.50 and could retrace part of the premium move since inception. Lacking more data the best retracement would be the 61.8% Fib which matches with the immediate rally highs. Keep an eye out