[ad_1]
Medium-term trend ETH / USD: bearish
- Resistance levels: $ 240, $ 250, $ 280
- Support levels: $ 80, $ 70, $ 60
Yesterday, December 11, the price of Ethereum was in a bearish trend. The price of Ethereum is still under control as the price is lower than the 12-day EMA and the 26-day EMA indicating that Ethereum is likely to fall.
Yesterday, the price of the crypto was rejected by the 12-day EMA and the price fell to a minimum of $ 88.10. Today, the crypt is making a bullish movement at the EMA, which is likely to oppose the EMA. This was the scenario since the crypt fell into the bearish trend zone. Meanwhile, the relative relative strength index period 14 is level 41 which indicates that the price of Ethereum is traded in a lateral trend zone.
Short-term trend ETH / USD: variable
In the 1 hour chart, the price of the crypt is in a lateral trend. On December 11th, the price of the crypt dropped to a minimum of $ 89 and began a movement with an action radius. While the crypt is floating, the price action shows small candelabra such as the Doji candelabras and Spinning tops that describe the indecision of bulls and bears at a price level of $ 89.
Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Eth is less than 12 days EMA and the 26-day EMA indicates that the price is in the bearish trend zone.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
[ad_2]
Source link
