ETH/USD Medium-term Trend: Ranging
Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160
Yesterday, October 24, the ETH/USD pair was in a sideways trend. Yesterday, the crypto’s price reached a high of $208. The digital currency was resisted at a price of $207 and price fell to the low of $203.58. The crypto now fluctuates above the $200 price level between the levels of $203 and $207.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell 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. As price is in the bearish trend zone, the bears may have upper hand above the bulls.
ETH/USD Short-term Trend: Bearish
On the 1-hour chart, the price of Ethereum is in a bearish trend. The digital currency fell to the low of $203 and it commenced a bullish movement.
The bulls resisted the bears from breaking the major support level.The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. 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.
Source: www.bitcoinexchangeguide.com
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25-10-2018, 11:29 AM #1
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Ethereum (ETH) Daily Price Forecast – October 25
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25-10-2018, 02:59 PM #2
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Governare nel mercato forex è possibile solo con un approccio e un pensiero positivo. Il Forex è il luogo in cui il trader riceve molta pressione e dopo aver fallito di nuovo ottiene un approccio negativo. Un buon broker come il mio, TradesFX può aiutare un trader a pensare positivo e fare positivo. Usando la loro piattaforma demo ho avuto la certezza del trading reale anche aumentare le mie capacità di trading. Forniscono il loro commerciante 24 ore di supporto multilingue.
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Strategy is everything in Forex and you cannot derive large sum of money from Forex without a good trading strategy. Traders should analyze the market on demo account and should judge them how accurately they can do the work. FXOpulence includes advanced technology so you face no problems while trading.
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09-02-2024, 04:28 AM #4
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Every trader has a different strategy in forex trading. That's why I always implement a well-thought-out strategy and plan, ensuring that my trading goes smoothly and safely on Tickmill.
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