ETH / BTC approached an important area. The fate of the trend is being decided. Trading in the channel. The price is approaching a very important zone - the “mirror level” and the downtrend of the global downtrend channel. Also be careful at the border of the channel, there may be a breakthrough. If there is a breakthrough of the horizontal channel and with it the global downtrend, and if the price consolidates, then we will see the emergence of a new uptrend ETH. Exit the existing channel to a new one with a width of + 48%. If we cannot break through this zone, then we trade further in a horizontal channel.
It is worth adding that in the near future his fate will be decided on ETH. Perhaps we will see the emergence of a new uptrend or further dive along the downward global channel. ____________________________ A previous idea published in July worked well. ETH has broken through the accumulation channel. Possible drop in channel width. The price fell exactly to the value that was indicated. And from them the price rebounded.
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Failed to break through the upper boundary of the existing horizontal channel and the downtrend global trend. Price moves to the bottom of the horizontal channel.