Ethereum New Buy Opportunity

I wrote about a possible entry level for Ethereum several days ago. The trading idea was based on signals from MAs, MACD and RSI indicators. This time the amazing Ichimoku indicator gives us a new buy signal. We can add some more volume to our opened trades. So, why we should buy? Price passed through the kumo and it's a buy signal from Ichimoku. Based on the previous 2 swing lows we can draw a new uptrend line which will be used as a signal line confirming the upward movement. RSI confirmed price reversal from 300.00 support level. DMI confirms trend market conditions and allows open long trades. We should buy at 230.00 level with stop orders below 184.00 level and the uptrend line. Profit target should be at 300.00 resistance level for short term trading or you can hold this trade in long term. If price breaks the uptrend line, probably we'll seee downward movement to the support levels. It will give us new trading opportunities. Good luck with your trades!

Komen:

Watch for price action at 220.00 support level and the uptrend line. If price breaks this support zone, the market can drop to 200.00 support level.