ETHUSD Pullback Into Trendlines

I believe that ETHUSD will either have a correction back within the trendlines established since Summer 2017 or stagnate until it's within those trendlines. Stagnation would require ETHUSD to trade flatish for 3 months. Therefore, that is the least likely outcome.

We saw this happen with LTCUSD last month (attached idea).

Possible test of resistance-turned-support at $806.

Comment:

Bounced off the $806 line very nicely

Trade closed manually:

Missed my target by one day