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