ETH/USD Medium-term Trend: Ranging
- Resistance Levels: $240, $250, $280
- Support Levels: $150, $130, $110
Yesterday, January 9, the price of Ethereum was in the bearish trend zone. The crypto’s price had been trading above the $150 price level in the last four days. It was assumed that the bears would break the $150 price level since it was in the bearish trend zone.
Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the stochastic indicator is above the 20% range which indicates that Ethereum is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
ETH/USD Short-term Trend: Ranging
On the 1-hour chart, the crypto's price is in the bearish trend zone. Today, a bullish candlestick broke above the EMA but price pulled back. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bearish momentum and a sell signal. 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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10-01-2019, 01:46 PM #1
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Ethereum (ETH) Daily Price Forecast – January 10
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19-01-2019, 11:51 AM #2
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Not like in many other businesses where buying, selling, stocking, meeting the overheads etc. are taking place, in forex trading money alone is involved. So, the losses incurred here and there are felt in absolute money value and is looming large on the face. I am dealing with Bprimes and for me, trading is not a high way and you couldn’t afford a fully accelerated driving. A good trade starts with proper stop loss and limit order.
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