ETHBTC Trading Idea

The market reached the whole number level 0.15000 and we could see a price reversal. A bearish divergence confirmed down movement to MA20 as a possible reversal level. But price broke this line and moved lower. Now we have a situation where price is below MA20 and there is a free space for falling. MACD confirms down movement and DMI also shows that we should not expect price reversal. We have to find possible entry levels for long trades. We'll be able to buy when correction movement is over and we see price reversal from target levels. Such levels are - 0.10000, MA50 and MA100, 0.06000 level. When price reaches one of these levels and we get a reversal signal, we'll have a long opportunity. Indicator will have to confirm that the market is going to move upward. Only after that we'll be able to open long trades with profit target at the resistance level.

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