#ETH #UPDATE - Couldn't hold $207 for the third time in the face of further decline on BTC , however is still amazingly holding above yesterday's low. If we can't hold a decent up move in the next 12 hours or so here we will be looking at a short back to the 190s and possibly back down to the now ancient level I have at $176.50.
#ETHUSD - Lovely short following not holding $207. Perfect take out of the level retest area at $176. 13% or around 7R.
#ETH - If BTC does start some crazy up move in the near future I recommend jumping in ETH, no resistance between just above here and back up to around the $204-5 area.
has developed and all up ETH is looking more than BTC , having not managed to break the 180's (and I have found recently ETH to be more market reflective than BTC therefore this makes me more on BTC too.)
Anyway we trade what we see - as above, a break up and we have clear space back to $204-5. A break below will see a test of the support at $176 and the pole flag target is a scary approx. $154. I don't currently have a level there but will need to go back and check if that area can act as support.