As my previous T.A on ETH/USDT, it is not easy for this pair to break the downtrend line at 181.22$, now it is going to test it's main support at 165$.
Trend: Downtrend.
Case 1: if this pair break the downtrend line and the MA100 (181.22$) and close above this resistant 1 then we can consider it is in an uptrend.
- Place a Long position at 182@ for the Target 1 at 201$, Target 2 at 217&, Target 3 at 233$
- Stoploss at 177$. It is very good R:R
Case 2: Wait until it tests Support 1 @ 165$. Place a Long order at this point for the Big move later.
- Remember to Stoploss 100% at 160$
