Trading plan: ETHUSD (Ethereum)
Ethereum rate is in no hurry to continue its growth.
Priority of the day: neutral position on ETHUSD.
We are working with the trend, so we are still waiting for the end of correction to the downward movement of Ethereum rate.
Today, according to our forecast, there should be a slight increase in the rate of Ethereum to $ 550.
Projected scenarios:
1. The ETHUSD rate will rise from $ 500 to $ 550.
2. The ETHUSD rate will drop from $ 500 to $ 450.
Alternative scenario:
The crypto market loses liquidity, so lateral movements have become longer, and impulse - shorter. It is possible that today there will be another day of flat for Ethereum rate. We have nothing to do but wait for a better situation.
Priority of the day: neutral position on ETHUSD.
We are working with the trend, so we are still waiting for the end of correction to the downward movement of Ethereum rate.
Today, according to our forecast, there should be a slight increase in the rate of Ethereum to $ 550.
Projected scenarios:
1. The ETHUSD rate will rise from $ 500 to $ 550.
2. The ETHUSD rate will drop from $ 500 to $ 450.
Alternative scenario:
The crypto market loses liquidity, so lateral movements have become longer, and impulse - shorter. It is possible that today there will be another day of flat for Ethereum rate. We have nothing to do but wait for a better situation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.