ETHUSDT Analysis June 15, 2022

We are still Bearish on Ethereum, ETHUSDT , since early April with the signals from the Engineer and the Bear Flag formation. The Horizontal Support Line at ($1,414) and Daily Downtrend Line were both shattered and then continued downward. We are down around 67% since the indicators started at the ($3,500) Resistance Area and down over 75% since the ATH. The Daily Downtrend Line, unfortunately (or fortunately) has a triangle formation at the ($1,414) Support Area but also forms a triangle at the ($725) Support Area (not visible on this chart). Will the psychological level of ($1,000) hold or do we go down further from here? Not Financial Advice...Trade with Confidence and Control.