Testing the idea pitchforking the lowest point, show's some midterm upwards. I'd imagine testing the bottomline of the smaller within the major one would provide a bounce upwards. As said, total noob here, ignore idea unless it has something to it and you know it as someone more experienced.
<<Do not take this as advice or anything. An uneducated chap here trying to educate himself. Any tips and online-guide suggestions welcome. >>
I AM JUST A NOOBIE AND TAKE NO RESPONSABILITY FOR YOUR DECISIONS AS THIS IS NOT MY JUBB
So, my prediction will be that we'll meet the 770 USD area in the near future. The lower end of the trendline will cross with the bigger resistance area around 770 which will decide the fate of ETH. The pattern that will form around 810-770 will dictate the direction of the path that will be taken. We'll join the newer much narrower trend line for a month or two, or we'll continue the bearish correction from ATH 1.46% . Sunday-monday will be interesting time and might see a lot of movement.
THIS CHART IS JUST FOR MY OWN EDUCATION AND FOR FUN!