DLavrov

Ethereum: Bearish Market with Bullish Potential

BYBIT:ETHUSD   Ethereum / U.S. Dollar
If we talk about the price position according to the cloud, we have a bearish market. If we look at the swing highs and lows, we can say about a new uptrend. But it will be better to talk about the bullish market when the price breaks the nearest resistance zone and moves above the cloud. Without it, the market will be able to continue the sideways movement between 300$ and 400$. DMI confirms the range market conditions. The alternative is a new downtrend. For this, the price will have to break the local uptrend line and move below 300$ support zone .

How to trade?
I would use the short term and swing trading strategies in combination with 15m-1H timeframes. Buying signals should be in priority.
Risk per trade must be no more than 5% of the capital.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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Comments

Yes, nice chart!! 🦐👍🏻
Reply
Bitcoin once again broke the falling wedge pattern, this could be a bullish signal
Reply
DLavrov BobRivera990
@BobRivera990, if we talk about Bitcoin and use Ichimoku - Bitcoin is a bullish market.
+1 Reply
very nice
Reply
DLavrov BobRivera990
@BobRivera990, thanks!
+1 Reply
DLavrov Frixion
@Frixion, it can be like that, why not?
Reply
so may be up may be down :)
Reply
DLavrov TheWolf-Diabolo
@TheWolf-Diabolo, if you expect to have only one direction ideas, probably trading is not the right business for you
Reply
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