Prices are rising since 18/03/2018, so the short-term trend is uptrend (4h chart).
Technically indicated by the following:
• Dow pattern- higher bottoms and higher tops, (B1-T1-B2-T2).
• Price is currently trading above the valid downtrend line-buy signal.
• Bullish Cross MA10 Above MA20
• MACD: Bullish Divergence
Prices are trading above the supportive area of 450.00.
Therefore, as long the prices are trading above the support are, we will recommend LONG POSITIONS for the no position holders on ETH/USD. Take profit 1 at 580.00, take profit 2 at 630.00 and take profit 3 at 750.00. Stop loss should be a bit below the support area.
For LONG-holders we will recommend to HOLD their short positions and adopt the same stop loss and take profit orders as mentioned above.
On the other hand, with a daily close below the support level, we will recommend short positions.