Since there is significant pressure in the cryptos until Aug 1st, I expect ETHUSD to sell a bit more. Not that it is not enough. There is significant buying at 180s, and orders at 160s.
Scenariocast is: The key levels of significance 120 and 220 to become a band whilst keeping its move within the falling wedge until reaching August 1st.I find it likely to see a dip at 120 usd and a bounce back to 160s. And an uptrend from 160s, first facing profit taking at key level 220s. If for some reason it does that, there will have been an inverted H&S with a neckline at 220s and 320s target, which is another key level.
Scenariocast is: The key levels of significance 120 and 220 to become a band whilst keeping its move within the falling wedge until reaching August 1st.I find it likely to see a dip at 120 usd and a bounce back to 160s. And an uptrend from 160s, first facing profit taking at key level 220s. If for some reason it does that, there will have been an inverted H&S with a neckline at 220s and 320s target, which is another key level.