Trading plan: ETHUSD (Ethereum)
Ethereum rate is in the clutches of the bears.
Priority of the day: neutral position on ETHUSD.
After such a strong impulse downwards, both scenarios are possible: Ethereum rate can both continue its fall and soar up. Therefore, we prefer to be out of the market and to wait for the best situation to enter on days like this.
Projected scenarios:
1. The ETHUSD rate will decrease from $ 545 to $ 506.
2. The ETHUSD rate will rise from $ 530 to $ 570.
An alternative scenario:
There must be a flat after a strong impulse downwards Ethereum rate. Therefore, today we are cautious about new deals.
Priority of the day: neutral position on ETHUSD.
After such a strong impulse downwards, both scenarios are possible: Ethereum rate can both continue its fall and soar up. Therefore, we prefer to be out of the market and to wait for the best situation to enter on days like this.
Projected scenarios:
1. The ETHUSD rate will decrease from $ 545 to $ 506.
2. The ETHUSD rate will rise from $ 530 to $ 570.
An alternative scenario:
There must be a flat after a strong impulse downwards Ethereum rate. Therefore, today we are cautious about new deals.
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