Ethereum Vs Bitcoin - How to Trade

If you are thinking about converting Ethereum into Bitcoin of vice versa, this post can be interesting for you.

The price dropped below the uptrend line. It tells us about the trend reversal. From this moment we can consider the market as a bearish. It's time for searching for possible sell opportunities.
RSI gives a reversal signal. The same goes for MACD histogram.

It means the market can move upward to the important resistance zone. The uptrend line, 0.035000 resistance level and a new downtrend line form this resistance zone. The price action here will tell us about further price movements.

If the price bounces from this zone, it will give us a sell signal with stop orders above the resistance zone and the local swing high. Profit targets will be at the lower support levels.

If the price can break this zone and move above 0.035000 level and the previous swing high, it will confirm the further upward movement. This breakout can be used for buying with stop orders below the local swing low and profit targets at the resistance levels.