DLavrov

ETHBTC - Possible Trading Signals

BITFINEX:ETHBTC   Ethereum / Bitcoin
The price is in the zone where we should expect for trading opportunities. The market is supported by the uptrend line, SMA100 and SMA200.

If the price reverses from this support zone , the breakout above the signal line will give a buy opportunity. Stop orders for such trades should be placed below the uptrend line. The main profit target should be at the nearest resistance level .

Alternative variant - if the price breaks below the uptrend line and SMA200, it will be a sell opportunity with stop orders above the local swing high and the main profit target at 0.030000 support level .

If the price reaches 0.030000 support, the market can be stopped and reversed at this level. It will give a new buy opportunity.
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