Ethereum made a deeper correction than we planned. It found a level of support near the $ 685 - $ 680 zone. The positive news for the long position on Ethereum is the availability of purchase volume in this zone.
The nearest level of resistance for Ethereum may be its current peak in the $ 720 - $ 725 zone. It is here that Ethereum can turn back down.
Priority of the day: buy ETHUSD with a target of $ 740.
With a deep correction of Ethereum, there is an opportunity to earn more, but there is a risk of continuing its fall. That is why today we recommend our subscribers to be more vigilant when watching over a long position on Ethereum.
Projected scenarios:
1. Buy ETHUSD from $ 680 to $ 740.
2. If there is a volume for sale near $ 720, then it will be necessary to close part of the position, or the entire long position on Ethereum and think over an alternative scenario.
An alternative scenario:
The rate of Ethereum on small volumes can grow up to a zone $ 700 - $ 720 and turn downwards. It will be necessary to orient in time and close a long position on Ethereum. Ethereum sales can be opened only after the availability of volume from the sellers, preferably after the retest of the level of $ 700.
The nearest level of resistance for Ethereum may be its current peak in the $ 720 - $ 725 zone. It is here that Ethereum can turn back down.
Priority of the day: buy ETHUSD with a target of $ 740.
With a deep correction of Ethereum, there is an opportunity to earn more, but there is a risk of continuing its fall. That is why today we recommend our subscribers to be more vigilant when watching over a long position on Ethereum.
Projected scenarios:
1. Buy ETHUSD from $ 680 to $ 740.
2. If there is a volume for sale near $ 720, then it will be necessary to close part of the position, or the entire long position on Ethereum and think over an alternative scenario.
An alternative scenario:
The rate of Ethereum on small volumes can grow up to a zone $ 700 - $ 720 and turn downwards. It will be necessary to orient in time and close a long position on Ethereum. Ethereum sales can be opened only after the availability of volume from the sellers, preferably after the retest of the level of $ 700.