2018-10-2 10:04 |
Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160
Yesterday, October 1, the price of Ethereum was in a sideways trend. The ETH price fluctuates and moves horizontally above the $200 price level. The market is quiet as there was no significant price movement. The bulls and the bears seem to pause as the price bars and moving averages are moving in a horizontal pattern. Trade recommendation is unnecessary as the price action is very choppy.
Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.
ETH/USD Short-term Trend: RangingOn the 1-hour chart, the price of Ethereum is in a sideways trend. The ETH price is also moving horizontally with the price bars. The price of Ethereum is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell 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.
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