krakatoa

ETH Possible Behavior Before August 1st - Using GANN

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Using the Gann chart, I think we could see ETH bottoming-out 185-173. According to this setup, it doesn't seem that it will go lower, but rather the bear trend will reverse and hopes will begin to soar again. The red circle shows where the next rally will end and then more rallies? Maybe not and the green represents a possible buying opportunity, being at the 5th bearish arc. The large, blue rectangle represents the support zone . When ETH bottoms-out and begins its upward move along the 5 arc, a new gann square will be needed and I think it will be a bullish one.
Good work...
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@JimFred, thanks. That means a great deal coming from you.
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