Trading plan: ETHUSD (Ethereum)
The rate of Ethereum bounced upwards from the level of $ 420.
Priority of the day: neutral position on ETHUSD.
We forecast today the continuation of Ethereum correction upwards to the downward movement of its rate.
We do not recommend opening positions today, because it is dangerous to sell Ethereum against the impulse of buyers, and it's too early to buy.
Projected scenarios:
1. The ETHUSD rate will rise from $ 450 to $ 490.
2. The ETHUSD rate will drop from $ 450 to $ 400.
An alternative scenario:
The forces of bulls and bears are running out, so flat for Ethereum rate is possible for the rest of the day. In this case, we will have to wait and see how things will unfold until tomorrow.
Priority of the day: neutral position on ETHUSD.
We forecast today the continuation of Ethereum correction upwards to the downward movement of its rate.
We do not recommend opening positions today, because it is dangerous to sell Ethereum against the impulse of buyers, and it's too early to buy.
Projected scenarios:
1. The ETHUSD rate will rise from $ 450 to $ 490.
2. The ETHUSD rate will drop from $ 450 to $ 400.
An alternative scenario:
The forces of bulls and bears are running out, so flat for Ethereum rate is possible for the rest of the day. In this case, we will have to wait and see how things will unfold until tomorrow.
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