2018-8-3 12:14 |
ETH/USD Medium-term Trend: Bearish
Resistance Levels: $440, $450, $460
Support Levels: $420, $410, $400
Yesterday, August 2nd, the ETH price was in a bearish trend. The cryptocurrency is still on the downward trend. The Ethereum price is now out of the range-bound zone after the price fell to the low of $401.38.This was the previous support level of Ethereum. Traders can initiate long trades and a stop loss at $350.
Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 32 which indicates that market is oversold suggesting bulls to take control of the market.
ETH/USD Short-term Trend: BearishOn the 1-hour chart, the ETH price is in a smooth bearish trend. The ETH price is making a lower highs and lower lows price movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Ethereum is below the 26-day EMA and the 12-day EMA which indicates that a bearish trend is ongoing.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
origin »Ethereum (ETH) на Currencies.ru
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