ETHUSD - CONSOLIDATION AT THE SUPPORT LEVEL - WHAT'S NEXT?

Currently ETHUSD price is consolidating inside the ascending channel at the important level of 1440-1470 support level.

Long criteria:
The price should show strong support at 1440-1470 area inside the ascending channel. If the price can hold inside the ascending triangle, possible to enter a long and take some profit at the limit of the ascending triangle of USD 1650 area.

Short criteria
1440-1470 support level is broken, price close outside of the ascending triangle. Breaking this triangle will bring us to the next level of support at 1100-1220 area.

As mention, on weekly timeframe the bearish engulfing candle had formed, maybe the price can dump during weekend to fulfill the bearish situation as forming on the weekly timeframe.

70% bearish - 30% bullish
1) MACD - red and below 0
2) RSI below 50 - Daily TF - 4hrs TF
3) Price below 20MA daily
4) Price below 55MA daily (currently - not closing yet)
5) Consolidating at support level not resistance level
6) fear index is increasing - showing more people closing their position
7) trading below weekly VWAP
8) trading below baseline

Overall price section is more lean to bearish side.