ETHUSD - Pick up the money?! Setting up for a BIG MOVE

Hello traders investors and community, today I share with you my opinion on ETHUSD and what will be the next.
The second-largest cryptocurrency is trading downwards in a channel, we will touch 50 and 100 EMA before falling again.
We have a falling volume what is always a characteristic of market change and big moves coming.

As you can see in my chart, there is support at 120 - 130 if we touch this support and get good volume and good momentum the scenario seen in my chart is likely to happen.
For my point, I will open a short position in ETHUSD when coming to local resistance and touching support zone cover my SHORT and open LONG position.
The actual setup is also excellent for SHORT on short to middle term because ETHUSD will highly likely fall more.

The information provided is only educational and should not be used to take action in markets.
Feel free to comment with your opinion and support.

"I wait until the money is ready and I just have to go there to pick it up. In the meantime, I do not do anything."

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Will touch 100 EMA soon

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Touched 100 EMA and upper-middle line of my channel!

After the touch of EMA and channel line, pull-back happened

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You can see the confirmation in the chart

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Touched support!

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Waiting for upward movement

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"Pace, rhythm and timing. Pace, rhythm and timing is what it's about. The content's got to be great, but then it's got to be delivered."

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ANALYSIS UPDATE: ETHEREUM continued with the price action within the descending channel formation till it finally reached the major support zones.

Once ETHEREUM reached the major support zones it moved forward with a massive bounce from there on finalizing the whole descending channel with a breakout to the upside.