Trade Recommendation: Ethereum
Ethereum is going to bounce from a support zone formed by the uptrend line, 300.00 and 280.00 levels. MACD histogram and RSI confirms price reversal. It’s buy opportunity. Pending orders should be placed at 312.00 level. Stop orders must be below the local swing low at 275.00 level. Profit target is near the resistance level. If the market drops below the support zone, buy orders should be deleted. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Profit Targets: 390.00
The trading signal is based on Poloniex chart.