Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 2 of 2
  1. #1
    Senior Member
    Join Date
    Mar 2018
    Posts
    124
    Feedback Score
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Ethereum Price Prediction Today: Daily (ETH) Value Forecast – May 23 ETH /USD Medium-term Trend: B

    ETH /USD Medium-term Trend: Bearish

    · Resistance Levels: $250, $260, $270
    · Support Levels: $240, $230, $220
    Yesterday, May 22, the price of Ethereum was in a sideways trend. The crypto’s price now ranges above the 12-day EMA but trades below the $260 resistance level. The ETH market is range bound between the levels of $230 and $260. The candlesticks pattern has changed to small bodies price bars like the Doji and the Spinning tops.

    This described the indecision between the buyers and the sellers at the current market price. Nevertheless, the crypto’s price is above the 12-day EMA which indicates that price will make an upward move. However, if the market continues its range-bound movement, the crypto is set for a price breakout or a price break down.

    A price break out would make the market rally above $280 price level. A price break down would further depreciate the crypto’s price. Yesterday, the market fell and depreciated to a low at $243 price level. Nevertheless, the crypto’s price is below the EMAs and will further depreciate to the previous low at $230 price level.


    ETH/USD Short-term Trend: Bearish

    On the 1-hour chart, the price of ETH was in a bearish trend zone. The market had been on a downward correction after the resistance at the $280 price level. On May 21, the bulls were also resisted at the $262 price level. The ETH price was also resisted at the $260 and the $257 price levels.

    On each resistance, the price would fall below the EMAs but the bulls would make attempt to pull above the EMAs. Yesterday, the market fell and dropped to the previous low at $243 to commence a range bound move. Meanwhile, 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

  2. Sponsored Links
  3. #2
    Senior Investor
    Join Date
    Dec 2017
    Posts
    724
    Feedback Score
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    First of all, you need proper knowledge. Having proper knowledge will help you to apply a strong strategy and according to your strategy select a good broker. BPRIMES is the best broker to get success in forex. Success in forex is the combination of many facts. Many traders think that knowledge is the only tool to get success. Some think that the best broker is the best weapon. Some think whatever the broker is I will take a high volume of leverage. But the fact is to get success trader must need all this combination.

  4. Sponsored Links

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share |