Ethereum Vs Bitcoin - How to Trade

The price tried to break a local resistance line. The attempt was not successful. But we got a new swing high which can be used for placing a pending order for buy. If the price bounces from the uptrend line and SMA100 which form the support zone, the market will be ready to move upward. The breakout above the previous high will confirm the strength of buyers. If the price drops below the uptrend line, SMA200 will become another strong support line. Buying from this zone based on a reversal signal also will be logical.

If the price breaks SMA200, we should be ready to see the falling to 0.030000 support level. This movement can be used for short term trading.

All trades must have stop-loss orders placing below the local swing lows for buy trades and above the local swing high for sell trades.