Trading plan: ETHUSD (Ethereum)
Ethereum rate has been in the accumulation phase for a long time. Today or tomorrow it will become clear who will win the battle: bulls or bears.
Priority of the day: ETHUSD sale with a target of $ 580.
We do not exclude the possibility of bulls’ victory, and the growth of Ethereum rate. But, we are working on a trend, so now we give our priority to the deal in the direction of the downward movement of Ethereum rate. If Ethereum rate goes up, we will receive a loss on the open position, and we will think over the entrance to its purchases.
Projected scenarios:
1. ETHUSD rate will drop from $ 608 to $ 580.
2. Ethereum rate will rise from $ 608 to $ 650.
Alternative scenario:
The accumulation phase usually takes from four days to a week. You need patience to sit out all this flat.
Priority of the day: ETHUSD sale with a target of $ 580.
We do not exclude the possibility of bulls’ victory, and the growth of Ethereum rate. But, we are working on a trend, so now we give our priority to the deal in the direction of the downward movement of Ethereum rate. If Ethereum rate goes up, we will receive a loss on the open position, and we will think over the entrance to its purchases.
Projected scenarios:
1. ETHUSD rate will drop from $ 608 to $ 580.
2. Ethereum rate will rise from $ 608 to $ 650.
Alternative scenario:
The accumulation phase usually takes from four days to a week. You need patience to sit out all this flat.
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