Trading plan: ETHUSD (Ethereum)
Ethereum rate approached the sales area: $ 580 - $ 550.
Priority of the day: neutral position on ETHUSD.
Today we occupy a neutral position on Ethereum because we expect a small increase in its rate in the sales zone: $ 580 - $ 550. After that, in our opinion, Ethereum rate will fall down the trend, with the nearest target of $ 500.
Projected scenarios:
1. The rate of ETHUSD will drop from $ 550 to $ 500.
2. The ETHUSD rate will remain in the lateral movement until the end of the day.
An alternative scenario:
An unexpected, but a probable option, maybe the growth rate of Ethereum to $580 and above. That's why, we expect the initiative of Ethereum sellers, and do not rush with sales right now.
Priority of the day: neutral position on ETHUSD.
Today we occupy a neutral position on Ethereum because we expect a small increase in its rate in the sales zone: $ 580 - $ 550. After that, in our opinion, Ethereum rate will fall down the trend, with the nearest target of $ 500.
Projected scenarios:
1. The rate of ETHUSD will drop from $ 550 to $ 500.
2. The ETHUSD rate will remain in the lateral movement until the end of the day.
An alternative scenario:
An unexpected, but a probable option, maybe the growth rate of Ethereum to $580 and above. That's why, we expect the initiative of Ethereum sellers, and do not rush with sales right now.
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