ETH in down channel

ETH seems to be in a down channel, and is looking for further downside continuation after breaking the rising wedge while rejecting the 4h 20 EMA. A daily close below 1900 would confirm the move imo.

However, be cautious as price is now on support and could potentially have a fake out move to the upper supply line similar to what happened on 6 June.

I'm not shorting either ETH or BTC, but are happily DCA if price respecting the lower demand line (while making a falling wedge would be nice).