Ethereum Entry Level

The price bounced from 600.00 support level and the uptrend line. RSI confirmed price reversal. When the price broke the downtrend line, we got a signal confirming possible upward movement. If the market can stay above the uptrend line, we should be ready to join the main uptrend. MACD lines give bullish sginal. ADX line falls and it tells us that bears are not so strong now. We can place pending orders for buy above the nearest resistance level and the swing high. Entry level is 750.00 with stop orders at 550.00 level. Profit targets can be 1000.00 and 1500.00 levels. You should note that the market still have potential for falling to 500.00 level at least. Use stop orders and proper trade volume.