With this hypothetical analysis scheme we can show a major channel configured since the ATH happened in March 2017, penetrating the 0.618 fib zone for the first time, marking in this way the inaugural bullish perspective that in a short time only in June 2017 already had touched its zone of resistance constituting the beginning of the establishment of the channel with its inferior lateral and superior lateral between which the market will oscillate in downward trend until the day of the date. This long-term downtrend channel has five sub-waves that ratify the overall dominance of the channel which governs the market destinations of one of the most dominating blockchain technologies, which has consolidated its place of second force of influence. throughout the entire ecosystem. This interpretation does not constitute investment advice.