This is a heads up to the long term potential on any rally from these areas.
Ethereum has hit and traded below 1730.00, taking out the May low, because this level is 61.8%, the long term target on a rally from this area is 61.8% the other way, per the ONE44 rules and guidelines and this is 3375.00. As always we will watch all the retracements on any rally to see just how weak, or strong the market is. A close today above 1925.00 would be a positive sign with the new low.
Bitcoin didn't hit 61.8% yet, but did take out the May low, in the big picture it is close enough that the reaction from this area will be the same as if it hit it and the long term target will be 61.8% back at 51150.00. We will be watching the key levels above to confirm any bottom. A close above 32050 would be a positive sign after the new lows.
Litecoin and Ripple hit 78.6% and Dogecoin fell just short.