Trading plan: ETHUSD (Ethereum)
Ethereum stopped near its resistance level of $ 690. Volume analysis shows a decrease in the size of trades, so a rollback down is possible.
The nearest support level for Ethereum was formed near $ 673. We believe that Ethereum will continue its growth from this point.
Priority of the day: buy ETHUSD with a target of $ 700.
It is too early to talk about the global upward turn, but the upward movement is not over. Therefore, today we support bulls.
Projected scenarios:
1. We buy ETHUSD from $ 673 to $ 700.
2. ETHUSD can stay in the price corridor until the end of the day: $ 695 - $ 680.
Alternative scenario:
Ethereum rate can continue its decline from $ 700 to $ 660. While the movement up did not end, you need to buy Ethereum. But, if there will be a sharp initiative of sellers, it is necessary to join the strongest.
The nearest support level for Ethereum was formed near $ 673. We believe that Ethereum will continue its growth from this point.
Priority of the day: buy ETHUSD with a target of $ 700.
It is too early to talk about the global upward turn, but the upward movement is not over. Therefore, today we support bulls.
Projected scenarios:
1. We buy ETHUSD from $ 673 to $ 700.
2. ETHUSD can stay in the price corridor until the end of the day: $ 695 - $ 680.
Alternative scenario:
Ethereum rate can continue its decline from $ 700 to $ 660. While the movement up did not end, you need to buy Ethereum. But, if there will be a sharp initiative of sellers, it is necessary to join the strongest.
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