ETHUSDT To Continue Downward Pressure Till Jan. 29th to Feb. 2nd

Looks like downward pressure will continue until some time between Jan. 29th and Feb. 2nd before we see an end of Phase A with a Second Test and beginning of Phase B with a Simple Rally. Our Second Test is expected to see it's bottom between the $91.00 and $103.80 price points before we see a reversal to upside pressure for a Simple Rally in Phase B.

Commentaire:

Note the current trajectory of the Blue LSMA in Godmode indicator. See how it could potentially continue down to the 20% level and not reverse back to upward pressure until around February 4, 2019. We still could see reversal to upward pressure as soon as January 31. I still see the bottom for this Second Test in the $91.00 to $103.80 price range before we turn back up for a Simple Rally to take us back to Preliminary Support near $160.00 once again.