The price is near the possible reversal zone formed by SMA50, SMA100 and 0.046500 support level. RSI confirms price reversal. MACD histogram supports upward movement. DMI allows opening long trade. It’s a new trading opportunity. Pending orders for buy can be placed at 0.051000 level with stop orders at 0.047200 level. Profit targets are 0.055000 and 0.068000 resistance levels. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.
Profit Targets: 0.055000 and 0.068000
The trading signal is based on Poloniex chart.
Disclaimer: The analyst does not have investments in Ethereum.