A quick update on ETHUSD. I've adjusted the Gann Square a bit making the arcs aligned with the lower points (point 1 and 3).
Target 1: 260$, 23.July Target 2: 235$, 19.July
My latest ideas on XRPUSD and BTCUSD says the same dates.
Here is why (along with my earlier arguments): - We are clearly in a descending trend currently (along the gann line). - A possible global descending wedge could appear (a bit early to confirm this!). - Target 1 is more likely compared to on how much I think BTCUSD will fall. - Target 1 fits perfect to the bottom line of the descending wedge. - Target 1 is also where the outer arc hits the fib circle. - Target 2 is my earlier target which I think also could fit, but less likely. - Target 2 is where the outer arc hits the global 1.27 fib level.
Currently we're in a rising wedge which could indicate a drop ahead. It is important that the neckline (the red line) holds it down.