COINBASE:ETHUSD has seen more selling pressure and hasnt has a bounce yet. We are approaching the LOG ABCD target around 1500. This could provide some buying to get the bounce but ultimatly will give way to more selling. Looking at the AI for the year we can expect a low somewhere around SEPT/OCT. This is where it can be down around the 1k level and another major 78% retracement.
I will post the log chart after.
Interesting couple of months ahead. I hope this helps. Enjoy the trade.
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LOG chart that gives us the AB=CD @ 1500. But 1k is the better long term target.
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LOG chart is weekly.
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Wow!! No bounce yet. Looks like we are going to get the AB=CD down to 900 in 11 weeks as well. Look out below.. 🤣🤣
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Looking for a CIT around 12:30pm. This is a 30 min window for the crypto market. 👍👍