2018-9-21 16:08 |
Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160
Yesterday, September 20, the price of Ethereum was in a sideways trend. The price was fluctuating above the $200 price level. Today, the ETH price is in a bullish trend as the price reached the high of $222.77. The digital currency is now in the previous range bound zone of $220-$280.
If price fluctuates in the previous zone, then we adopt a range bound strategy to trade until price breaks of these levels. This is to enable earn us earn partial profits as price ranges. 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 above the 12-day EMA and the 26-day EMA which indicates that a bullish trend ongoing. The Relative Strength Index period 14 is level 65 which indicates that price is in the bullish trend zone.
ETH/USD Short-term Trend: BullishOn the 1-hour chart, the price of Ethereum is in a bullish trend. The price of the digital currency reached the high of $224.74 and commenced a range bound movement. The price is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates 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.
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