As we can see, ethereum is having some hard times finding some bullish momentum.
Technical resistance at 589
Current price at 382
Technical support at 275
Current trends situation:
On a bearish trend, inside a major uptrend.
A break of 275 would signal another deep hit for bulls, however such break might as well be a good opportunity for long-term bulls to join the market (buy low).
Volatility dried up recently, this makes us think about an incoming strong and fast move, either to above 589 OR below 275.
Trading plan:
Still early to create some hard rules, but we would look to either buy below 275 or sell above 589.
Of course, more detail on the plan will comes after one of the two levels will be broken.
Stay tuned
Technical resistance at 589
Current price at 382
Technical support at 275
Current trends situation:
On a bearish trend, inside a major uptrend.
A break of 275 would signal another deep hit for bulls, however such break might as well be a good opportunity for long-term bulls to join the market (buy low).
Volatility dried up recently, this makes us think about an incoming strong and fast move, either to above 589 OR below 275.
Trading plan:
Still early to create some hard rules, but we would look to either buy below 275 or sell above 589.
Of course, more detail on the plan will comes after one of the two levels will be broken.
Stay tuned