Trading plan: ETHUSD (Ethereum)
Ethereum rate has dropped to the level of support of $ 520 and intends to continue its growth.
Priority of the day: neutral position on ETHUSD.
As we predicted, Ethereum rate ends its correction to the bearish trend. Now we are out of the market because it is difficult to foresee the end of the correction of the quotation of Ethereum.
In our understanding, the sales area for Ethereum is $ 560 - $ 548. Right now, it's hard to say how strong the last impulse of Ethereum rate will be.
We carefully observe the crypto market, because bulls can win in the battle, and we need to catch the moment of a trend change.
Projected scenarios:
1. The ETHUSD rate will rise from $ 520 to $ 561.
2. The ETHUSD rate will remain in the lateral movement until the end of the day.
An alternative scenario:
Undoubtedly, we expect the continuation of Ethereum downtrend with the immediate target of $ 480.
Priority of the day: neutral position on ETHUSD.
As we predicted, Ethereum rate ends its correction to the bearish trend. Now we are out of the market because it is difficult to foresee the end of the correction of the quotation of Ethereum.
In our understanding, the sales area for Ethereum is $ 560 - $ 548. Right now, it's hard to say how strong the last impulse of Ethereum rate will be.
We carefully observe the crypto market, because bulls can win in the battle, and we need to catch the moment of a trend change.
Projected scenarios:
1. The ETHUSD rate will rise from $ 520 to $ 561.
2. The ETHUSD rate will remain in the lateral movement until the end of the day.
An alternative scenario:
Undoubtedly, we expect the continuation of Ethereum downtrend with the immediate target of $ 480.
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