Ethereum Buy Signal

Price bounces from Kijun line and the uptrend line. RSI confirms price reversal. DMI shows trend market conditions and allows trading. We have buy opportunity. Entry level for long trades should be above 235.00 level. Stop orders must be placed below 208.00 level which is the local swing low. Profit target can be at 300.00 resistance level or these trades can be holden in long term.

Comment:

Price broke the uptrend line. It's a signal of possible downward movement. We have to watch for price action near 220.00 support level and the kumo. If price bounces from one of these reversal zones, we'll have a new buy sginal.

Comment:

The kumo and 200.00 level form a good support zone. We have to watch for price action and wait for possible reversal signal.