$ETH – Free Update (nothing has changed) –

The above 15D tf will close on Wednesday. IF price closes above $1,956.55, then this white path could continue to play out; IF price closes below this level, then price could fall in a more direct path lower.

CANDLES

The above 4M will close on Wednesday, if it closes below $2,150, then this will create a Bearish Engulfing candle on the 4M tf and one should prepare for the red region to see price action over the course of this year. Any close above will still be bearish unless price closes above $2,550.

The above 2M will also close on Wednesday. A close below $2,073.34, would confirm a bearish pivot on this tf, and one should expect triple digit prices if not double digit prices by the end of this year.

TA/EW

Timing wise this corrective wave higher could be complete. The origin of the potential ending diagonal for the wave c of (B) higher is $1,070.

Targets:

$1,071.11 – origin of ending diagonal wave (c)
$750 – end of May, early June based on fib pulls for current wave lower
$500 – $130 – summer-time or by end of this year based on larger degree (ABC)

GLTA!