Short

ETH will break 1800 but not before 3 digits price

Updated

- 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.

Note

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.

Note

We hit 1388 low. It actually went as predicted.

Note

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.

Note

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.

htcang

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