Trading plan: ETHUSD (Ethereum)
The appearance of bulls spoiled our plan to sell Ethereum from the zone: $612 - $ 600. The volume for the purchase of Ethereum is higher than for its sale, so today the day must be closed in the green zone.
Priority of the day: neutral position on ETHUSD.
We keep our intention to join the bears, so wait until the end of the growth of Ethereum rate to the zone of $ 650 - $ 625. We do not open a deal to buy Ethereum just because now its rate is clamped between buyers and sellers. In this situation, any transaction can get a loss.
Projected scenarios:
1. ETHUSD rate will rise from $ 610 to $ 625.
2. Ethereum rate will drop from $ 610 to $ 590.
An alternative scenario:
A spare option is the lateral movement of Ethereum rate until the end of the day. This scenario is the most unpleasant for us since we do not want to sit in an open transaction for a long time.
Priority of the day: neutral position on ETHUSD.
We keep our intention to join the bears, so wait until the end of the growth of Ethereum rate to the zone of $ 650 - $ 625. We do not open a deal to buy Ethereum just because now its rate is clamped between buyers and sellers. In this situation, any transaction can get a loss.
Projected scenarios:
1. ETHUSD rate will rise from $ 610 to $ 625.
2. Ethereum rate will drop from $ 610 to $ 590.
An alternative scenario:
A spare option is the lateral movement of Ethereum rate until the end of the day. This scenario is the most unpleasant for us since we do not want to sit in an open transaction for a long time.
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.