EthereumShort
Trading plan: ETHUSD (Ethereum)
Bulls could not keep the price of Ethereum, and the bearish trend continues.
Priority of the day: decrease of the ETHUSD rate with a target of $ 415.
Although the sellers were able to reduce the price of Ethereum, we see signs of a reversal for purchases in the midterm. Reversal is always accompanied by a multidirectional movement of the price of Ethereum, therefore it is difficult to make accurate intraday forecasts in such periods.
Projected scenarios:
1. The ETHUSD rate will drop from $ 440 to $ 415.
2. The ETHUSD may move in lateral movement.
An alternative scenario:
The growth of Ethereum rate from $ 440 to $ 490.
Priority of the day: decrease of the ETHUSD rate with a target of $ 415.
Although the sellers were able to reduce the price of Ethereum, we see signs of a reversal for purchases in the midterm. Reversal is always accompanied by a multidirectional movement of the price of Ethereum, therefore it is difficult to make accurate intraday forecasts in such periods.
Projected scenarios:
1. The ETHUSD rate will drop from $ 440 to $ 415.
2. The ETHUSD may move in lateral movement.
An alternative scenario:
The growth of Ethereum rate from $ 440 to $ 490.
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