VasilyTrader

ETHUSD Trading Plan

Long
BITFINEX:ETHUSD   Ethereum

ETHUSD is currently trading in a corrective structure
forming a classic bullish flag pattern.

Analyzing the structure on the left, we can notice that the pair
is approaching a key structure support level around 200.

There will be a high chance to see an accumulation of buying volumes inside this area.
For confirmation, we will wait for a bullish violation of a bull flag.
It will be a perfect indicator of the start of a new bullish wave.

Target levels:
220
230

Stop goes below the lowest point of the flag.

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