Trading plan based on volume analysis: ETHUSD

8 במאי 2018

Ethereum today tested the zone of buyers at 685-700 twice (1st arrow on the screenshot) and bumped into the resistance of sellers at 775 (2nd arrow on the screenshot). We consider the bearish scenario after the breakout and the test from below 740 (3rd arrow on the screenshot). And the third move on 700, whose the breakout on volume and test from below will lead the price to the first targets of 660 and 630 (4th arrow on the screenshot). Our backup plan is the breakout on the volume from below 800, a successful test from above and moving up to 850 (5 on the screen).

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