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ETH - Still chasing the 650 area!!

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COINBASE:ETHUSD   Ethereum
ETHUSD has started the next leg lower which im thinking could finish around 650-700. The 88.6% retracement from the ATH.
There are other possibilities with 1200 holding followed by another rally above 2k then lower from there but as it stands it looks as though it could follow the stockmarket down as well.
Looking for a retracement to sell short again where ever this low comes in.

Another big week ahead. ๐Ÿ‘๐Ÿ‘
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No bounce yet. Watching for a low to come in. Might get one this evening. Watching 19:30.
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ETH - Still in a sideways pattern waiting for it to break either way to find the next set up.
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Turned nicely from the expected high @ the 382. Looking for more downside today.
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Intra-day ideal scenario for selling..
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Still edging lower with not a lot of movement over the past couple of weeks. This is definatly not in favour of the Bulls out there. Still chasing the downside target of 700.
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On a shorted term it would be a great set up to get a rally into the solar eclipse which would match the last rally.
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Also we have the possibility of a move higher if the FED decides to ease off on interest rate hikes which will give short term relieve but ultimately lead to lower prices again. If we start getting above 1800 then this could be the case. This week is going to give us some clues of how this will play out.
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On the AI front. Looking for a possible high later on this evening. KL Time.
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ETH is at a critical area here. Below where it is now and it could mean a quick trip to the long term 800 area we have been watching for a while. The other set up is one more rally to complete a higher Gartley or the last low could be a major low depending on the rally from here if it starts taking out highs.

Enjoy the day. There is plenty of fear in the Crypto market now so that means we are getting close to a low..
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Still tracking the move to 650 but looks like we will get a decent rally first with another pattern completion.
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1500 not 15k.. For the next major level.
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First Upside target hit now looking for a sell off after a decent run up.
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A key time in the Crypto market. A move lower could see the 700 target come in. The next week is key to what happens next. If it holds then a move to 2200 first.
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A nice bounce out of the support area yesterday. Now looking for a retracement to get long especially if we take out this years high.
Is money starting to move into Crypto with the banks failing??
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A nice rally after the banking issues over the weekend. Now we have a temp top in place so watching the PB for a pattern to get long. More Inflation data out of the US today but once again the numbers will be fudged to look good. The possible bad number might give it the spike down to the buy area. Some things to watch going into the day.. Enjoy the day.
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Still looking for more correction to come before the next rally.
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Still looking for a PB to get long. There was one more high, now chasing the ABCD Pattern to get a good set up for the Long trade.
Enjoy the week.
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It didn't quite make the 1675 Ret area for the long trade. So now we wait to see if the recent highs get taken out and we are headed for 2k or if there is going to be more of a correction back down to the 382 before moving higher again.
Friday is a key day this week for a possible swing change.

Enjoy the week. I will post more updates as the week goes on.
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Intra-day we have a 50-61.8% retracement with an upside bias for the day. Key time @ 1800. If we get a pb into this time that will set up a buy signal.
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ETH on the 15min is setting up nicely for the next buy level towards 2100.
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Still chasing the move to 2k but we might get a correction deeper than expected back towards 1600 before the move up to the upside target. Then we look for an event to take it down to the final target below 1k again.
This week sees a major turn point for late Monday night which could be the high/Low of the week.

Enjoy the week.
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The main reason Im still looking for a move lower once this correction is done.
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Looking like a deeper correction before the move above 2k.
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Watching later today for a possible turn point lower.
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We got the Weekly CIT overnight and have started lower. Downside targets are 1720 if its really bullish, Otherwise we could get a deeper correction to 1600 again. Beyond these levels things could get a little bit more serious.

Inflation data out of the US today 1hr before the US open. This will swing things and if its a high number then we might see a spike down as crypto doesn't like inflation.

Enjoy the day.
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Can 2000 stop this thing temporary. Another pattern to the upside.
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Didnt even have a look at 2000. Run straight threw like it was nothing. Now we are in the are of multiple major patterns. An interesting weekend ahead. We have bank earnings before the US open today with JPM, WFC, C & Blackrock reporting. The banks have helped crypto on this run so we shall see if it continues.
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Now we are in the zone of reversal, there is now a smaller area to look at. Im looking at one more move higher before we get the reversal. This retracement will give us the details as to weather this will be bullish or we are heading for those lower targets. Wednesday is the Major CIT day for the week.
Enjoy the week.
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Looks like there is a top in place. Now we watch to see how it corrects and that will give us a clue to the next move. At this stage still Bullish corrective with a target area of 1800. The next few days will be key to how things play out.
There is also a major planetary event happening at the moment which can have an effect on the market as well.

Enjoy the day.
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Looking for a rally into the evening a couple of hours before the US Open.
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We have nearly finished the first move down of at least 3. Looking for it to hold 1880-1890 area then we look for a bounce back in an ABCD towards 2000 then we should see the next move down tp 1800. Just a quick update for today and where it looks like its headed.

Enjoy the day and I will post updates once things start happening.
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Ideal scenario going into the weekend.
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With a decent 300+ point move lower with no retracement yet, this is telling me that we are setting up for a deeper correction.
Once this first low comes in shortly then we look for that PB pattern to short the next leg lower. Still the best option would be a retest of the 2k level with a nice ABCD over the next few days, then to look for the next downside targets at 1700 then 1500.
Any move above 2k again would suggest more upside.
Big week ahead looking for a bounce shortly then go from there.

Enjoy the week. Updates as things move along.
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Still no rally yet. Getting close to the 1800 area where we should see some support come in. The more this first move lower is the deeper this correction will be.

Enjoy the day.
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We got the move to 1800 and now we are getting the retracement before the next leg lower.
Ideal scenario is a move back to 2000 then we look for the move to 1650. If it doesn't get back to 2000 then there are lower levels to watch.
Another interesting week ahead.
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Key times this week with a possible trend between Monday afternoon and Friday. Will be keeping an eye on this coming into the time Monday.. ๐Ÿค”๐Ÿค”
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Ive been away for a couple of days but we got the retracement back to test 2000 again and now we are headed lower.
The downside target is 1665. This is the 61.8% retracement from the March low to the April high. This is the line in the sand for the Bullish side. If it holds that and takes out the resent highs then there are bigger upside targets. But if it breaks that level and gets there quicker than next Tuesday then we are likely headed to lower targets.
I will post more as we go along.
Ideal scenario for the short term downside would be a move back up to 1890 and selling off from there.
I hope this helps. Enjoy the week.
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Still chasing the ABCD lower to the 1680 area. Its just completed the 382 PB that we were looking for. Looking at time and price its taken longer than the A-B leg so this can be considered bullish once the pattern completes.
I will keep tracking this move and look at the longer term chart later.
Enjoy the week.
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After completing a smaller TF Gartley overnight we now look for a higher level of around 1900 before we see the next move down. Still chasing the lower level 1680 to complete the bigger pattern.
Above 1960 and we will have to re think the short term.
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On the smaller TF. This is the set up to look for to get into the short term trade.
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Still looking for the upside correction towards 1880 area which is the ABCD from the second low from last week. If it starts getting below 1770 again then we start looking at the lower targets. At this stage still heading higher.
Updates as we go through the week.
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Sorry I haven't updated for a while, I've been away. After completing patterns over the last month and staying below 2k we still need to be looking on the short side. To complete the current pattern that would take us up towards the 2k level again where if its going to be bearish that will be it and we could start the next move lower. Support on 2k will take things to the bullish side again.

Enjoy the week.
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Last week we were looking at the move up towards 2k before a deeper correction but after some bad news in the space we had a another drop to take out May lows setting up a double ABCD at the 1645-1665 level. If this holds then we might get a move towards 220-2500 before the big move lower to complete the major cycle.
Day by day and I will update as we go along.

Enjoy the week.

Any thoughts, dont forget to post them.
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Smaller TF. Double ABCD.
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We down at the Double ABCD area we were looking for in the weekend. Now the question is if we hold these levels or we look at the next lower level down towards 1500. if it starts breaking below there it spells trouble.
A major yearly CIT cycle comes in tomorrow so we will see how that plays out over the weekend.
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After a nice 130 point rally from the low we could now be looking at one more move higher towards the ABCD pattern that started a year ago @ 2231 or even the 38.2% level from the whole move down @ 2400. Before we see the final move lower.
If it gets down below 1500 again then it will be a different story. Couple more charts coming.
Enjoy the week.
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The current pattern if it holds has the upside target of the 2400 level. It should take around 5 weeks to play out if it is correct.
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ETH has hit the first target today after a sharp rally over the last couple of days. Now we look for a correction to see where the next move is headed. Still looking for the 2200-2400 area. Moving nice so far.

Enjoy the day.
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Possible CIT Window for today..
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We finally got the move back into the 38.2-50% area that we were looking for last week. now if yesterdays low holds then we are tracking nicely towards the 2000 level again. We should see a decent correction here as its a major number but ultimately looking for the 2200-2400 area.
More updates as we go along.
Enjoy the week.
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looking for a possible weekly to come in Thursday.
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There has been a deeper correction with another ABCD to the lower level. im now looking for the move to the upside continue. Anything below 1800 could mean a different scenario so we will keep an eye on that.
Weekly AI was Inverted so we are now in a CIT Window with a rally into Saturday.
I will post this update as well.
Enjoy the Day.
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Inverted AI giving a rally into the weekend.
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We have seen a nice rally and PB into the 61.8% ret area. Now a move off is setting up nicely to follow the AI into the Saturday morning swing area. A move above 1900 and support on there would be the next ideal scenario for the push towards 2k and beyond.

Enjoy the day. Let me know what you think.
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Possible reversal area if there is going to be one more corrective move to 1800. The least likely scenario but still an option.
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A bit late on the update but things are becoming clearer that there is a bigger correction going on here. We just completed a nice ABCD Gartley back to the 1900 area, now looking for a move down to the 1755-1800 levels.
The 1800 level is a major level and also the 50% retracement from the June low.
The 1755 area is the ABCD down from the July high and the 61.8% level from the June low.
This is where it should stop and head higher to the upside targets around 2200-2400. I will update as we go along.
Enjoy the week.
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After last update where I was looking for one more move down before a rally, we got the last move up into the 2000-2030 area. That reversed quickly and now we are setting up for more downside targeting the 1800 level again which is between the 50-61.8% area. A move below 1775 lines up a possibility of a deeper correction to 1500 although this is unlikely due to the strength in BTC.

I will post a smaller TF chart with the set up for the down move.

Enjoy the week.
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Smaller TF set up.
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After getting one more move lower yesterday its now changed the area where it could come back to before the move to 1800.

Enjoy the day.
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Finally getting close to the Sell Area for the move to 1800.
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Still in this sideways correction. Shorter TF has the Gartley pattern @ 1908 but it could still get up to 1932 as it still hasn't completed the bigger pattern. Either way still targeting the 1800 area.

Enjoy the day.
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After a couple of weeks of just drifting lower we are getting close to the 1800 target area. I have been looking for a decent rally to sell back down to that level but with no strength so far im starting to think there might be a deeper correction but as it stands nothing to do 1800 is still the line in the sand.
US Interest rates out this evening with an expected increase and we know that Crypto doesn't like the high interest rates so we will have to wait and see.

Enjoy the day and I will update tomorrow after FED time.
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After 2 weeks of just dribbling lower with no real patterns or push either way we might have some sort of a low in place. Watching a rally back towards 1910 area to give us the next sell signal to make a deeper correction towards 1700 then we need to watch for a rally. If it keeps heading higher from here above 1950 then there could be a different story and the rally towards 2200 has started..
Interesting few days ahead. Enjoy.

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