EthereumLong
Trading plan: ETHUSD (Ethereum)
Updated
Current situation:
The Ethereum rate slowed down. We continue to believe that today there will be a bounce of Ethereum prices up.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 600;
$ 540;
$ 480;
$ 450.
Support levels:
$ 420;
$ 400;
$ 385.
Forecast:
We stick to the former forecast - growth of the rate of Ethereum from the level of $ 420 to $ 480.
The Ethereum rate slowed down. We continue to believe that today there will be a bounce of Ethereum prices up.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 600;
$ 540;
$ 480;
$ 450.
Support levels:
$ 420;
$ 400;
$ 385.
Forecast:
We stick to the former forecast - growth of the rate of Ethereum from the level of $ 420 to $ 480.
Note
Trend Analysis: ETH / USD (Ethereum)The Ethereum rate remains descending.
Current situation:
The price of Ethereum is traded in consolidation, the figure of the technical analysis "Triangle". The resistance of Ethereum quotation is at $440, support - $420. We forecast the price to go up to $460- $485.
Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.
Resistance levels:
1. $460;
2. $500;
3. $530;
4. $561 (midterm).
Support levels:
1. $420;
2. 404;
3. $360 (the April minimum of the price).
Forecast:
The forecast is the same, the growth of ETH / USD from $440 to the price zone of $460-$485.
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