With a 4hr close below this level, I expect a further decline in this pair. Currently sitting at the .618 fib level, but I'm thinking we might need to drop down to the .786 @ approx. $2.58usdt level before resumption as you can see buy pressure is still increasing.
Comment:
In the event we don't stake out support @ the .786, you can expect a pivot restest and bottom of the channel. We may then be range bound.