Monfex

Ethereum: mid-term trading plan

Monfex Updated   
BITFINEX:ETHUSD   Ethereum
Hello, Traders!
Monfex is at your service and today we overview ETH/USD.

What do you expect from Ethereum ?

  • In the mid-term, there are 3 points of resistance:
    the middle line of the downward channel along with MA100;
  • price and psychological resistance ~ $ 200;
  • volume resistance along with the downward channel resistance line.
RSI is overbought.

What to do ?

By a breakthrough the middle line of the descending channel, we can assume a long position, for greater certainty on the breakthrough of $ 186 .
If this does not happen while the next 3 days, then in October we can expect an average price of $ 160 .

Share your thoughts, ideas about the market under the chart.

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GOOD LUCK AND LOTS OF PROFITS !!

Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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