Trading plan: ETHUSD (Ethereum)
Ethereum continues its fall. According to the volume analysis, the closest resistance level for Ethereum is $ 680 (look at point 1 on the chart).
If the rate of Ethereum can rise above $ 680, then its immediate goals for growth will be: $ 700- $ 730.
Priority of the day: neutral position on ETHUSD.
Volume analysis shows a decrease in the strength of sellers (look at point 2 on the graph). This is a very good premise for the start of Ethereum rate bounce up.
In addition, the closest level of support for Ethereum is the zone: $ 640 - $ 630 (blue line on the chart).
Projected scenarios:
1. Sell ETHUSD from $ 680 to $ 630.
2. ETHUSD will be in the price corridor until the end of the day: $ 680 - $ 640.
An alternative scenario:
Perhaps today Ethereum rate will break through the level of $ 680 and will move to $ 730.
If the rate of Ethereum can rise above $ 680, then its immediate goals for growth will be: $ 700- $ 730.
Priority of the day: neutral position on ETHUSD.
Volume analysis shows a decrease in the strength of sellers (look at point 2 on the graph). This is a very good premise for the start of Ethereum rate bounce up.
In addition, the closest level of support for Ethereum is the zone: $ 640 - $ 630 (blue line on the chart).
Projected scenarios:
1. Sell ETHUSD from $ 680 to $ 630.
2. ETHUSD will be in the price corridor until the end of the day: $ 680 - $ 640.
An alternative scenario:
Perhaps today Ethereum rate will break through the level of $ 680 and will move to $ 730.
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