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The blue extended line is clearly drawn out; after breaking the trend line at $ETH on the H1 timeframe, there were two noticeable bounces back, but it still couldn't get back above the trend line.
Even though the H1 timeframe is quite small, we’ve seen over 100 candlesticks since breaking the trend line, and the volume is painfully low.
So, I currently think the likelihood of dropping below 1600 is pretty high.
Ethereum, oh Ethereum, are we really going to see it dip to 1000 as people fear before it settles?
#GateStocks7x24Trading