Getting some ETH ideas out there

With 1 Aug coming closer I'm betting on the bears! :)
bearish trend, with the uncertainty remaining.

Major support around the 175 - 170 euro area wil have to be broken first, but then... 120 area is possible.

First post, first time analysing a graph, so let me know what you think. :)

Comment:

It has started!
I think we are going to see a consolidation at the 160 level, depending on the market new lows could be reached

Comment:

160 lvl breached. This wil become a new resistance. As they first of augustus is upon us, and other altcoins are in a down trend. We could stay at this level but probably go down to test the water for like 4 hours to a day. (Getting to the Point where the real believers in eth are) Then up to the 160 lvl ready for take off!