The pair
ETHBTC
is located at the bottom of the horizontal channel, in which the asset was consolidating since 3rd of august 2020, and now it is a wonderful opportunity to go long.
Trading plan:
To trade this asset the entry point should be around: 0.03258578. We believe that after the initial small gain the asset will reach the resistance trend line and may drop to the zone of "Extra Liquidity" (yellow area). This zone can be another good place to add to the position if you will see the support in the order book. After the the price should start to increase and if it will break the POC level (0.03380621) of the horizontal channel then the price will move towards the upper side of the channel in the region of 0.03628989.
Best of luck with your trading!
ETHBTC
is located at the bottom of the horizontal channel, in which the asset was consolidating since 3rd of august 2020, and now it is a wonderful opportunity to go long. Trading plan:
To trade this asset the entry point should be around: 0.03258578. We believe that after the initial small gain the asset will reach the resistance trend line and may drop to the zone of "Extra Liquidity" (yellow area). This zone can be another good place to add to the position if you will see the support in the order book. After the the price should start to increase and if it will break the POC level (0.03380621) of the horizontal channel then the price will move towards the upper side of the channel in the region of 0.03628989.
Best of luck with your trading!