ETHUSDT Trend Reversal

18 Tem 2017

The market bounced from 140.00 level and we got a bullish divergence formed by price, RSI and MACD. It was the 1st trend reversal signal and we could open buy trades in long term. Now price is going to reach MA100 which shows the main trend based on the rules of this trading strategy. If the market passes throught this resistance line, we'll get the trend reversal confirmation. So we have to watch more closely for price action near MA100. We must be ready to open new long trades. These levels are good for buying in long term. As for stop orders, they must be placed below 140.00 support level. If price reverses from MA100, probably we'll see a new downward movement to 180.00 and 140.00 levels.