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

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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Comment:

A break of 208 would confirm the correction to the upside.

Order cancelled

Comment:

Wait for BTC to stabilize.

Comment:

BTC has bullish div with large wall at current price so may move upwards. See if Eth decides to form another bearish pennant,

Comment:

For Ethereum I am waiting for a wick up and a down fractal. Once we break past that it will confirm our correction upwards.

Comment:

Likely will move upwards.

Trade active:

I am watching this and will likely long if BTC can move above 6314

Comment:

Comment:

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.