ETH Broadening Formation Breakdown

Ethereums daily chart has broke through the bottom of a broadening formation.
We can leverage the difference of the base and the max height to help determine our potential target price.

Considering this, we can expect a potential $100 swing downward towards $275.

Bulls will have several chances to change direction before this around the $325 and $300 mark, but these support levels are not the strongest. Price action could easily fall to through $325 closer to $300 and spark a rise in price but will it be enough? These may be potential areas of quick swings, but I am not a buyer unless we have confirmation closes over the 13/21 EMAs