Trading plan: ETHUSD (Ethereum)
Ethereum rate stopped its growth near the level of $ 620. We plan to sell Ethereum after it will break the support line near the $ 590 level, and roll back to $ 610. Ethereum rate should narrow in the flat to the Triangle shape, and we will search for the entrance in the zone: $ 610 - $ 600 with the target of 580.
Priority of the day: neutral position on ETHUSD.
Perhaps the entry to the sale of Ethereum will not happen today. We will wait for confirmation of the strength of the bears - the appearance of large volumes for the sale of Ethereum.
Projected scenarios:
1. ETHUSD rate will stay in flat.
2. Ethereum rate will fall from $ 610 to $ 580, without a long pause.
Alternative scenario:
While the support line for Ethereum rate is not broken, we have a bullish priority. The rate of Ethereum can rise from $ 610 to $ 640. Therefore, we do not rush to sell Ethereum right now.
Priority of the day: neutral position on ETHUSD.
Perhaps the entry to the sale of Ethereum will not happen today. We will wait for confirmation of the strength of the bears - the appearance of large volumes for the sale of Ethereum.
Projected scenarios:
1. ETHUSD rate will stay in flat.
2. Ethereum rate will fall from $ 610 to $ 580, without a long pause.
Alternative scenario:
While the support line for Ethereum rate is not broken, we have a bullish priority. The rate of Ethereum can rise from $ 610 to $ 640. Therefore, we do not rush to sell Ethereum right now.
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