This is my first chart. I basically just sketched in a couple trend lines and placed fib levels at areas of historic resistance/support. Based on the levels in my idea, I think there is a good possibility that ETH will at least touch ~$172 before trying to test the upper trend line. With the current BTC/BCC buys (people trying to get free money), it is likely the ETH/BTC sell off will continue through the weekend. If we break the $172 level, I would guess a drop in price down to the $160-$150 range. Good luck!
Comment:
Still within the trend and tested the 206 fib level. Would expect a drop from here to around my original target... maybe a little bit above ~$175 as consolidation continues. I still expect that the August 1 events may trigger Eth/usd to break downward to the $160-$150 levels.
Comment:
Can't win them all... id still look for it to pull back to the lower trendline if bitcoin takes off, but it looks like this idea is done.