Trading plan: ETHUSD (Ethereum)
Ethereum has risen in value to the level of $ 580. At $ 570, there are large volumes of Ethereum sellers that may threaten our plan for its purchase.
Priority of the day: growth of ETHUSD rate to $ 608.
The point of entry for Ethereum purchase was near the $ 540 level, as we wrote earlier. Now a dangerous moment, when the Ethereum rate can go down under the pressure of bears.
Projected scenarios:
1. ETHUSD rate will rise from $ 570 to $ 608.
2. The rate of Ethereum may fall from $ 570 to $ 500.
Alternative scenario:
Not the most pleasant option for a trader - flat for Ethereum for the rest of the day.
Priority of the day: growth of ETHUSD rate to $ 608.
The point of entry for Ethereum purchase was near the $ 540 level, as we wrote earlier. Now a dangerous moment, when the Ethereum rate can go down under the pressure of bears.
Projected scenarios:
1. ETHUSD rate will rise from $ 570 to $ 608.
2. The rate of Ethereum may fall from $ 570 to $ 500.
Alternative scenario:
Not the most pleasant option for a trader - flat for Ethereum for the rest of the day.
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