Crypto Charts 33
![](https://www.theassets.io/content/images/2021/08/image.png)
The break of the 47k level has confirmed the bullish view and as such we will look for any retracement to get long for what should be 5 waves up through to year end. A break of 43854 will signal that a larger wave (ii) correction is underway with targets at 42020 and just below the 40k level. Place stops below 37300.
![](https://www.theassets.io/content/images/2021/08/image-1.png)
No real change from last weeks view as we look for wave (iv) to complete and the final push of this leg higher gets underway. I would look to buy on dips into the 2800/2900 level and possibly the area of the previous wave 4 at 2500 with initial target at 3495.
I am worried about the divergence in the MACD so we could see a sharp reversal once a new high has been made for the month. Once this top is in place we will see a more significant reversal enabling us to purchase more ETH at lower levels than now.