VARZAR_INVESTMENT
Long

Trading plan: ETHUSD (Ethereum)

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Current situation:
The Ethereum rate is in consolidation. In our opinion, before the price of Ethereum is higher, it can still drop to support levels.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 600;
$ 540;
$ 480;
$ 450.
Support levels:
$ 420;
$ 400;
$ 385.
Forecast:
Given the long delay of Ethereum rate in consolidation, we believe that its growth will start from $ 400 to $ 480.
Comment: Trend Analysis: ETH / USD (Ethereum)
The Ethereum trend remains descending.

Current situation:
Today, Ethereum price came out of consolidation, breaking the $ 440 level. We expect further growth to the $ 460- $ 500 zone.

Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.

Resistance levels:
1. $ 460;
2. $ 500;
3. $ 530;
4. $ 561 (midterm ).

Support levels:
1. $ 420;
2. $ 404;
3. $ 360 (the April minimum of the price).

Forecast:
The continuation of the rise in the price of Ethereum to levels: $ 460, $ 500.

Comments

I posted this 1 month ago, still going as expected. Please have a look and leave your valuable feedback :)

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