ETH/USD

Price still consolidating after hitting the upper trendline of the descending Chanel or bull flag. If price fails to break above the trendline, ETH May take another leg down to around 233 _234 level before we can get a breakout. As it is right now, I think a leg down is likely to happen before we can get the wave5. Reason, the RSI is over sold on the 4hrs timeframe and at the same time we have having a MACD bearish cross. If it eventually breaks out, the price target would be 288-290. It is better to wait for a breakout before opening any positions.