Trading plan: ETHUSD (Ethereum)
Ethereum is still in the clutches of bears. Even now, the struggle of buyers and sellers near the zone continues: $ 600 - $ 580. We, as always, are on the side of the strongest.
Priority of the day: sell ETHUSD with a target of $ 540.
The volume analysis shows the weakening of sellers, so the bounce upwards of Ethereum rate will be in the matter of a few days.
Projected scenarios:
1. Sell ETHUSD from $ 610 to $ 540.
2. Most likely Ethereum rate will descend to the target without the much needed rollback upwards.
Alternative scenario:
As you can see on the chart of Ethereum, the volumes of trade are descending: sellers and buyers have exhausted their resources. We believe that near the $ 550 - $ 540 zone, a large buyer of the Ethereum may appear. Therefore, an alternative plan: the purchase of the Ethereum from $ 620 to $ 680.
Priority of the day: sell ETHUSD with a target of $ 540.
The volume analysis shows the weakening of sellers, so the bounce upwards of Ethereum rate will be in the matter of a few days.
Projected scenarios:
1. Sell ETHUSD from $ 610 to $ 540.
2. Most likely Ethereum rate will descend to the target without the much needed rollback upwards.
Alternative scenario:
As you can see on the chart of Ethereum, the volumes of trade are descending: sellers and buyers have exhausted their resources. We believe that near the $ 550 - $ 540 zone, a large buyer of the Ethereum may appear. Therefore, an alternative plan: the purchase of the Ethereum from $ 620 to $ 680.
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