ETH - Still chasing 2200 area..
Updated
ETHUSD Is tracking nicely and after last weeks spike high into the 78% level. In this video I go into detail about possible options on the short term and longer TFs, areas to watch and other possible scenarios.
I hope you enjoy and post feedback and thoughts.
Note
We got that one more move lower so now looking for the rally to Sell. Setting up nice for that move to 1800.
Note
Finally getting close to the Sell Area for the move to 1800.
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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.
Below 1780 and we could see the deeper correction down to 1500.
Enjoy the day and I will update tomorrow after FED time.
Note
Starting to get the rally we have been looking for now if it can get up into the 1930-1950 area then that will set up the next move down below the 1800 level towards the 61.8% level. See what this week brings.
Enjoy the day.
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