ETH will break 1800 but not before 3 digits price

- Sale the news event is not done yet
- Fed meeting in next few days
- Global economic, wars
- BTC struggle to maintain up trend, crypto in general is one of the first investment retail want to de-risk at uncertain time
- ETH clearing in down trend in lower time frames

My idea:

• it will down to $1300 area in 2 days max
  
• then ranging between $1300 - $1200 during FED meeting
  
• and finally dropped below $1000 after that.
  

Trade active:

- Daily candle closed lower as expected.
- While BTC tried to reclaim $2000 level straight from $19300, ETH was struggle to climb back to $1500, that show how weak ETH is compare to BTC
- Expect ETH to make new local low at today daily candle.

Comment:

ETH tried to breakout of local resistance at 1470 area but got rejected and pushed back to the POI in last couple days. I expected it will retest 1400 area soon and high chance it will break down.

Comment:

We hit 1388 low. It actually went as predicted.

Comment:

Few hours after weekly candle closed with a bearish engulfing, eth broken $1300 with a wick. Expecting more drop soon and we might even see $500 within this week.

Comment:

We didn't see <$1000 last week but the buy force show sign of exhaust when ETH tried to break 1400 level and got strongly rejected to below $1300.

ETH already retest 1250 level 3 times within 1 week, I think it will breakdown today and will touch 1100 level in 2 days max.

This trade will be cancelled if an 1hr candle closed above 1410.

See you at $999 per ETH.