Ethereum New Entry Level
The price bounces from the support zone formed by the uptrend line and 280.00 level. RSI and MACD histogram confirm price reversal. In spite of DMI indicator, which shows the power of bears, we can continue building our long positions. Pending orders for buy should be placed above 300.00 level. Stop orders can be placed below 275.00 level. Profit targets should be near 340.00 and 390.00 levels. The part of long positions should be left for long run. As I wrote before, it's possible to trade without stop orders. But for this you must use small trading volume, trade without leverage and be ready to possible market falling to lower levels. If you can't follow these rules, you should trade with stop orders only.
Get more trading ideas here https://www.tradingview.com/u/DLavrov/
Above 300 is a nice entry point if it breaks to the upside.
However, plunge through the support and I think we see low 200s which is my ultimate entry point for a long term hold.
Thank you for posting.
@originalworks
The @OriginalWorks bot has determined this post by @dlavrov to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To nominate this post for the daily RESTEEM contest, upvote this comment!
For more information, Click Here!
Thanks for the consistently great analysis brother.