ETH Fighting the Channel

ETH is still struggling to break the downward channel.

We saw a good increase in volume today leaving many of us optimistic about the market.

As long as ETH fails to break the channel, I have indicated several fib levels that will likely indicate support.
Use these levels for your shorts/longs.

Remember, even though this is a bearish market, we can still come out on top.
Thanks and good luck to all!

note: please notice how the interception of the bottom fib level and the channel perfectly line up with Aug 1st. Coincidence?

Comment:

ETH will likely hit the bottom of the channel in the next several hours. I have a personal target of $148. Be sure to have your shorts/longs ready!

Good luck!