Decent trade possible on ETHUSD. Good risk/reward = risk 30 to gain 120.
S/L @ previous swing low around 250 USD or at your own discretion, if the price goes below that, the idea breaks.
Take profit around 400 USD, +/- 20 USD.
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Potential breakout out of the depression happening right now. It started with ethbtc. Hold steady.
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The market proved me wrong, the idea broke when it started falling sharply with good volume. I bailed immediately when I saw that at 278 usd.
Looking forward the way I see it there are two potential areas of interest for a bounce. A) 180-201 usd, bounce to around 240. B) 100-140 usd, potential swing bottom, too early to say where the bounce could go, but minimum of 250, possible 350, maybe even 410.