Target hit. Short continuation on aggressive pace.

TP = 357.60 (April 01,2018 low) hit as the price broke lower aggressively from its latest "extended" Lower High rejection. ETHUSD follows a very rigid 1D Channel Down (MACD = -42.590, Highs/Lows = 047.9881, B/BP = -101.4846) but being oversold on RSI = 22.822, STOCHRSI = 22.159 and ADX = 83.950, it is possible to make a relief rebound towards 357.60 to form another Lower High before it resumes the underlying long term bearish trend. This argument is further supported by the presence of an extra Lower Low support line (dotted line). If this line is crossed earlier on the eclipse shape (see chart) then there will be no spike to a Lower High. In both cases, we stay short with new targets: TP = 198.34 (September 15, 2017 low) and TP = 176.16 (July 29, 2017 low).