Trading plan: ETHUSD (Ethereum)
Ethereum didn't find its buyer and is rapidly falling in value. Sales volumes are growing, Ethereum rate is decreasing. The closest support zone for Ethereum is $ 600 - $ 590.
Priority of the day: sell ETHUSD with a target of $ 600.
Of course, we recommend to our subscribers to open short positions on Ethereum only after the rollback of its rate upwards, to $ 650 - $ 640. For those who have not yet managed to open a short position on ETHUSD, we recommend waiting for a rollback.
Projected scenarios:
1. Sell ETHUSD from $ 650 to $ 600.
2. We are waiting for the stop of the fall of Ethereum, bounce up, and only then we think about its sales. It may take a couple of days.
Alternative scenario:
Near $ 610 - $ 600 may appear major buyers of Ethereum, who find these prices acceptable for a long position. If the volume of purchase will be significant, we will review our intentions to sell Ethereum.
Priority of the day: sell ETHUSD with a target of $ 600.
Of course, we recommend to our subscribers to open short positions on Ethereum only after the rollback of its rate upwards, to $ 650 - $ 640. For those who have not yet managed to open a short position on ETHUSD, we recommend waiting for a rollback.
Projected scenarios:
1. Sell ETHUSD from $ 650 to $ 600.
2. We are waiting for the stop of the fall of Ethereum, bounce up, and only then we think about its sales. It may take a couple of days.
Alternative scenario:
Near $ 610 - $ 600 may appear major buyers of Ethereum, who find these prices acceptable for a long position. If the volume of purchase will be significant, we will review our intentions to sell Ethereum.
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