Ethereum Trading Idea

The market tries to come back above 300.00 level. RSI confirms price reversal and MACD histogram is going to support further upward movement. ADX line falls and it's a good signal for us, if we decide to open long trades. The market has potential to move higher and breaking the downtrend line will be a good confirmation of it. We should place pending orders for buy above the high of a signal candle. The signal candle will be the bullish candle with the close price above the downtrend line. Also if you want to enter the market based on a solid buy signal, wait for a moment when the market moves above the previous high. It's 318.00 level. Stop orders for these long trades should be placed at 286.00 level and take-profit orders at 350.00 and 390.00 levels.