Ethereum at a major decision point
Situation
->Ethereum dropped to the target at $310 after breaking the trendline
->We hold the support and bounced at the 0.65fib ($310)
->Algo target (determined by the move from $215 to $488 and $488 to $310) is $565
->Right now we are below the major trendline, as long as we stay below, we are not bullish
->Not braking the trendline ($380) will cause a total reset to $215
Trades
->Long when trendline is broken ($380)
->Close longs and reenter after the break, if you want to be really safe
->TP from longs at $565
->Ethereum dropped to the target at $310 after breaking the trendline
->We hold the support and bounced at the 0.65fib ($310)
->Algo target (determined by the move from $215 to $488 and $488 to $310) is $565
->Right now we are below the major trendline, as long as we stay below, we are not bullish
->Not braking the trendline ($380) will cause a total reset to $215
Trades
->Long when trendline is broken ($380)
->Close longs and reenter after the break, if you want to be really safe
->TP from longs at $565
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