Ethereum (ETH) Possible rally, long with a tight stop. Good R/R.

Updated
Ethereum has formed a double bottom on the 15 min timeframe, so we may long here with a stop loss at 200 due to a possible stop hunt below 202. I believe we will rally to 212.

There is also a very slight chance of rallying to 232 USD based on past BTC patterns.

Long:
205

Stop Loss:
200.35

Take profit:
212.7
232
237

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Note
snapshot

A break of 208 would confirm the correction to the upside.
Order cancelled
Note
Wait for BTC to stabilize.
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snapshot

BTC has bullish div with large wall at current price so may move upwards. See if Eth decides to form another bearish pennant,
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For Ethereum I am waiting for a wick up and a down fractal. Once we break past that it will confirm our correction upwards.
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snapshot

Likely will move upwards.
Trade active
I am watching this and will likely long if BTC can move above 6314
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snapshot
Note
Ethereum (ETH) Ether wants to move higher along with Bitcoin.


New chart updated.
Trade closed: target reached
So far up 7% on the new trade. Please view.
Trade closed manually
This trade failed, but the winner can make up for many losers.

New trade hit 2 targets, this one will not be updated.
Chart PatternsETHETHBTCetherEthereum (Cryptocurrency)ethereumlongETHUSDethusdshortETHUSDTETHXBTHarmonic PatternsTrend Analysis

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