Trading plan: ETHUSD (Ethereum)
The rate of Ethereum dropped to $ 450.
Priority of the day: buy ETHUSD with a target of $ 490.
In our opinion, the Ethereum rate completed culmination downwards, and now there will be a sharp bounce up, with the immediate target of $ 490.
Of course, the bearish trend is not over yet, so Ethereum may continue its fall to $ 440.
Projected scenarios:
1. The ETHUSD rate will rise from $ 460 to $ 490.
2. The ETHUSD rate will drop from $ 460 to $ 440.
An alternative scenario:
The Ethereum rate, perhaps, will remain in the lateral movement for the rest of the day.
Priority of the day: buy ETHUSD with a target of $ 490.
In our opinion, the Ethereum rate completed culmination downwards, and now there will be a sharp bounce up, with the immediate target of $ 490.
Of course, the bearish trend is not over yet, so Ethereum may continue its fall to $ 440.
Projected scenarios:
1. The ETHUSD rate will rise from $ 460 to $ 490.
2. The ETHUSD rate will drop from $ 460 to $ 440.
An alternative scenario:
The Ethereum rate, perhaps, will remain in the lateral movement for the rest of the day.
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.