Ethereum How to Trade

The price reached 800.00 level 2 times and could not break it. We can consider this zone as strong support. MACD and DMI still confirm downward movement, but a new bullish candle and RSI reversal in the oversold zone tell us about possible price reversal. If the price can break above 1000.00 level, it will be the 1st signal confirming that the market is going to move upward. When the price breaks the downtrend line, we'll get a signal confirming the continuation of the uptrend. Long trades can be opened based on these breakout signals with stop orders below the previous swing lows. The main profit target should be the previous market high at 1400.00 level. The part of trade volume can be left for long run. The market is not stable yet and using proper risk management is strongly recommended.