2019-1-3 09:32 |
Yesterday, January 2, the price of Ethereum was in a bullish trend. The crypto’s price broke the $140 and $150 price levels and reached a high of $160. However, the price of Ethereum was resisted at a price $163.67 and price was retracing from the recent high.
On the upside, if the bulls sustain the price above the 12-day EMA and the 26-day EMA, the crypto will resume its uptrend. On the downside, if price retraces and breaks below the 12-day EMA and the 26-day EMA, the crypto will be in a downtrend. Meanwhile, the stochastic indicator is out of the overbought region but below the 80% range. This implies that Ethereum is in a bearish momentum.
ETH/USD Short-term Trend: BullishOn the 1-hour chart, the crypto's price is in a bullish trend. The crypto’s price retraced after the resistance at $163.67 price level. The crypto’s price retraced to the 26-day EMA and the 26-day EMA became a support level for another bullish movement.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bullish momentum and a buy signal.
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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