Ethereum – The Best Levels for Buying
Ethereum / Dollar BITSTAMP:ETHUSD
The price bounced from 185.00 level and dropped to the 1st support zone formed by the strong support level and the local uptrend line. If the price bounces from this zone, it will be possible to search for buy signals from the lower timeframes for short and medium term trading.
If we look at the indicators, we can get several bearish signals from RSI , MACD lines and MACD histogram. These signals tell us that the market can drop below the 1st support and reach the 2nd zone formed by Moving Averages with different periods and the main uptrend line. Buy signals based on reversals will be stronger from this zone.
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They will help you to move in the right direction and protect your capital.
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Source: TW DLavrov