Trading plan: ETHUSD (Ethereum)

Jul 16, 2018

Current situation:
The Ethereum rate approached the upper boundary of the descending channel. We believe that the Ethereum quotation has a small potential to rise to the nearest levels of resistance.
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:
The growth of Ethereum rate from $ 420 to $ 480.

Jul 16, 2018

Note

Trend analysis: ETH / USD (Ethereum)
Ethereum is in a downtrend.

Current situation:
Today, Ethereum rate reached our first target at $460. We forecast further growth of the price of ETH / USD to the level of $500.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.

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

Support levels:
1. $460;
2. $420;
3. $404;
4. $360 (the April minimum).

Forecast:
Continuation of the growth of the Ethereum price to $ 500.