2018-12-22 04:57 |
ETH/USD Long-term Trend: Bearish Resistance Levels: $350, $370, $390 Support Levels: $100, $80, $60
The ETH/USD pair is in a bullish trend as the price reached the high of $ 114.82. In the last two weeks, price of Ethereum had been bearish as the price fell from the high of $113.55 to the low of $84.05 on December 14, 2018. On December 15, the crypto's price commenced its bullish trend as price broke the 12-day EMA and the 26-day EMA in the lower time frame. From the weekly chart, the Stochastic indicator is in the oversold region below the 20% range.
It implies that the price of Ethereum is in a strong bearish momentum and a sell signal. From the weekly chart, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.
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