2018-11-8 09:14 |
Resistance Levels: $240, $260, $280
Support Levels: $210, $190, $170
Yesterday, November 7, the price of Ethereum was in a sideways trend. The digital currency was ranging at the price of $221.90 when the crypto’s price fell to the low of $215.80. The crypto’s price has broken the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Today, as the price of Ethereum is falling, it might revisit the previous low of $200.
If the price does fall and hold at the previous low of $200, traders should initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.
ETH/USD Short-term Trend: BearishOn the 1-hour chart, the digital currency is in a bearish trend. The crypto’s price fell and broke the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The price of Ethereum is likely to face resistance at the low of $200 which will result in a range bound movement.
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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