Ethereum Trading Idea

Price reached the uptrend line and we got a reversal candlestick pattern. We can place buy-stop orders above the high of this signal candle - it's 340.00 level. If the market moves up, our profit target should be at the resistance level. Stop orders for long trades must be below 274.00 level. If price breaks the uptrend line, we'll have to watch at price action near Fibo levels. If we see price reversal from these levels, we'll have new buy signals. Just one thing, all price reversals should be confirmed by RSI and candlestick patterns. For short trades, they can be placed only near the resistance level after getting sell signals.

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