Ethereum: My Plan How to Trade

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
The price is going to break the resistance zone formed by SMA100, the downtrend line, and 153.00 resistance level . MACD supports an upward movement. DMI tells us that we have strong buyers.

I won't be surprised if the price can pass this zone, but also a false breakout can be as well. The market does not look ready for the breakout. RSI is not far from the overbought zone, and probably it is the main reason for me to be careful with buying based on the breakout.
We will have just a higher risk of catching a reversal.

Our goal can be to cut down all possible risks and, at the same time, not to miss a buy opportunity.

We can do it just using splitting our trade volume into 2 parts. The 1st part can be used for buying Ethereum following the breakout above the resistance zone . The 2nd part should be used when the market corrects the upward movement and gives us a solid reversal signal above 118.50 level. Doing this, we will be able to make profit if the market continues the upward movement without a pullback, but we won't have high risk. But if the market gives us a false breakout and moves lower, we will be able to buy using better prices. It is my plan. It can be good or not, but it is a plan. What about you, do you have a plan how to trade in the ETHUSD market? Share it with us.

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.
A.I. Powered Automated Trading: http://bit.ly/2QVgz0I

PREMIUM Trading Ideas: http://bit.ly/36jZ00kM

Copy Trading Platform: https://tradunity.com/lite

FREE and Cool Stuff for traders: https://t.me/dlavrov_tch
The main problem for me it's false breakout. But, after breakout, I wait for any aggressive candelstick selling pressure. Or if the corrective movie will be slow to wait confirmation for buying!
resourceful idea
eth continues rising if fixes above horizontal support
Thanks for the review. Very useful. It’s a pity that I only found you today ... and why you can’t write in Russian
DLavrov Asbestos
@Asbestos, hi, because Russian people don't need me)
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out