ETH New growth soon!

Continuation of the movement in the downward channel. Globally the downtrend is trending.

Levels:
221 - The global level of resistance, after its penetration there was a strong pullback (11/07/2018). It was possible to break through it only with a powerful impulse and colossally large volumes (05/15/2019). A new level test (09/19/2019) was also beaten, but it could not be broken. This means that there are large limit players sitting there. When approaching the level I will analyze in detail on the hourly time-frame, since this is an important point for possible growth.
193 - The local resistance level, which beat tested three times (based on the movement in the downward channel from October). The third time is consolidation under the level and for many it is a signal of growth. But since before that there was an uptrend and immediately after a downtrend (local) and after an impulse with consolidation under resistance, there is no need to rush here. Firstly, the price is under resistance; secondly, there is no sufficient volume; thirdly, it’s better not to look for a solution to the point of resistance or support, but wait for a clear movement. Nevertheless, when its price breaks this level and fixes above it, I will consider growth attempts on the hourly time frame.
170 - Local support level, but it is interesting only when the price approaches it. If there is a good volume, then the price will break through it and go to the level of 153. But perhaps the price will stop at the red zone and there will be a small consolidation, after which it can catch the level of 153 and push it away and go higher.
153 - Strong level of support. Three times there was a test from 04.25.2019, and after that, two times the test was searched in the channel. With the 4th test, it is difficult to predict what will happen, but it can be imagined that if consolidation begins above the level, then there will be false breakdowns of the level after the rebound. I will analyze in detail on the hourly time frame when the price is close to this level.

Indicators:
According to the CCI indicator, unloading has passed, thanks to consolidation, that is, he is ready to break through the level of -100 and give a hint of growth. There is nothing to look at MAs now, since consolidation is in the way of MAs.

What to expect the other day?
It would be great if the price went down in the red zone for a set of positions and a search for volumes. Then there will be a new idea with a detailed analysis on the hourly time frame.

I wrote above about the fact that for many there is now a bright signal for long. Perhaps the price will go to 193, when breaking through and fixing above it, it will go higher to the upper border of the channel. A trend will already be formed there, the work on MA 14 and MA 28 will be excellent, since after consolidation a corridor between the MAs is usually formed, and this is a good opportunity for a set of positions.