It's looking like we are about to test the long term trend on ETH/USD. If we fall out of the trendline expect massive selloffs, if not HODL.
Trade closed manually:
Massive volume on selloffs indicates a cooling for the time being, until news comes out. I am closing my position at 255 for the time being while this shakes out.
Comment:
We have fallen outside the channel just above my exit price. A small bounce off resistance at 230 indicates little buying interest. Next stop is 200.