POLONIEX:ETHUSDT   Ethereum / Tether USD
The price moves upward in an ascending channel . Now we can see that the market is near a possible reversal zone formed by the top border of the price channel and 265.00 resistance level . Probably we'll see see price reversal from this zone with further short term downward movement. As we have a confirmed uptrend, we should search for entry levels for buying. The zones for possible trades, where the price can be reversed after downward movement, are at the middle and the trend lines of the ascending channel . If the market drops to one of these zones, we should be ready to buy based on a reversal signal. Stop orders must be placed below the local swing low. Profit target should be at the top border of the price channel and the resistance zone . Don't forget that all reversal signals must be confirmed by RSI reversals.
Kommentar: When price breaks the top border of a price channel, it's a confirmation of strong upward movement. But for opening long trades we still need a short tem retracement to the middle or the trend lines of the price channel.
Kommentar: The price broke the possible reversal zone and moved higher. It a confirms that we have a very strong upward movement. The next reversal zone is at 300.00 resistance level.
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Hi DLavrov. So at what level should we time pur buy now? When it breaks the 300 level again or lower?
I agree, THX
@DLavrov do you still think profit target should be at 360.00 level??
I'm learning a lot from your ideas!
Interesting, Thx.
Btw Can you do a ETH/EUR one from Kraken by any chance?

best regards
Dlavrov do you think this is good time to do short term trading? Buying at 265 and waiting for 300? Will it go to 300? Or the price goes down?
knoxshares jvudatha
@jvudatha, you could wait till the price retraces to 240 -250 ( bottom trend line ) and go long, add to the position every time the price hits off the bottom trend line i.e. HighLow exit positions after trend is broken, Just a thought
So what do you think since now it broke its resistance
What do you think about ETH ? It just break the resistance zone...Will it go up to 300 ?
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