THE IDEA: Time to LONG etherium till 314$. Deadline 06.08.2017.
REASONS: Now the market is in a tight squeeze and I expect a BOOM afterwards. A BOOM can be in two directions. Therefore in such cases I close my positions and wait to see what will happen next (Pennant Strategy). In this case it is different. I feel that the BOOM will be up, because of 2 things. First, correction (the fall) is complete. And second ETH survived a massive theft.
ANALYSIS: I expect ETH/BTC to go around 0.1. And BTC/USD to go around 2364$. Therefore I check 0.1 * 2364 = 236.4 for ETH/USD. And when I look at the chart 236$ looks nice and achievable. Because of pennant strategy, I look at momentum tops of Awesome (AO) and conclude that the direction is LONG. Safe target is 236$. Once target is achieved, the market may twist (however, I expect a continue on rise).
STRATEGY: Watch it to reach 236$ and then look for more improvements. If it is going up keep your positions, if the twist signal is shown, close it and enjoy profit. Cheers.
交易结束：到达目标
⋅
There is something wrong with the data on this chart. ETH hit to 236$ and now 272$. Everything was as planned. Chart is not updating.
breaking the resistance line with a new low $208, does that point towards a temporary bearish movement? perhaps below $200
Chadetov
⋅
Good point @rsdntevl. As you mentioned, the BOOM was in the opposite direction. As I suggested in my reasoning, I would close my positions when I see a Pennant. However there is still a fact that big theft did not hit the ETH market. Therefore, I believe ETH is strong enough and the market is willing to go upwards. I also like your word "temporary bearish", it tells me you are agree with me that cc market is bullish right now.