Ethereum: Market Review and How to Trade

BYBIT:ETHUSD   Ethereum / U.S. Dollar
The price bounced from SMA20 and moved above SMA50. It gives us a bullish signal in the direction of the main uptrend. In spite of the bearish MACD histogram, MACD lines and RSI are bullish and support a possible upward movement. It is possible to search for buying opportunities using hourly timeframes with the 1st profit target at 395$ and stop orders below the local swing lows.

In order to be sure that the market is going to continue the uptrend, we need a breakout above the resistance zone at 400$ round number level. The breakout will give us a solid bullish signal with the main target at 500$ resistance.

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.
📣 Sign up to 💰 Bybit to recieve:
- $190 for risk free trading
- DLavrov Premium Stuff for FREE
✅ Trading Ideas
✅ Money Management Course
✅ Trading Psychology Course
✅ Trading Strategies
✅ Mentorship Program

Join 👉 https://bit.ly/2Ojs1Ck


nice chart! thanks! 🦐💪🏻
We can see buying strength. Thanks for sharing your idea 🐻‍❄️😃
Good job...Thank you
Thank You Dmitriy. :)
DLavrov zerocashcool
@zerocashcool, I'm glad to see you here, my friend ;)
Thanks for the feedback!
Thank you. It is still on the uptrend so it will continue going up
DLavrov Saeed966
@Saeed966, yes, we will see how it will move upward. Thanks for the feedback!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out