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Awaiting market behavior at this area. ($800ish)
If market breaks below $800 we should see further consolidation near $730 - $690
"Worst Case" : A test to $500
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Weekly sentiment is bearish .
Daily & H4 Demonstrate bearish behaviors.
Consolidation expected.
https://drive.google.com/file/d/1_cPWNHk... << ETHUSD Possible Break and Target Point Listed on Page 2
If market breaks below $800 we should see further consolidation near $730 - $690
"Worst Case" : A test to $500
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Weekly sentiment is bearish .
Daily & H4 Demonstrate bearish behaviors.
Consolidation expected.
https://drive.google.com/file/d/1_cPWNHk... << ETHUSD Possible Break and Target Point Listed on Page 2
Yes and no, I'll explain why.
If you take a look at raw price action, we've already achieved a validation point of a down trend on the 17th. The market can change direction at the support levels listed ($800 & $690)
Note however that the bottom trend of the channel is still awaiting a validation point, which resides on the $500 level... A major support level as well which was established from November and December of 2017.