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1 takes place on block n. 7080000 around January 16, 2019 and recently obtained support from Binance, one of the most important cryptocurrency exchange platforms in the world.
According to CoinMarketCap, at the time of the press, Ethereum was trading at $ 155.31, with a market capitalization of $ 16.81 billion. The cryptocurrency records a trade volume of $ 2.89 billion and has increased by more than 31% over the last seven days.
1 hour
Chart of the price of an hour of Ethereum | Source: trading view
In the chart at one hour, the currency shows two downward trends, the first from $ 156.04 to $ 155.21 and the second from $ 155.20 to $ 153.91. The graph shows that the digital currency also has two uptrend trends, from $ 115.94 to $ 132.34 and from $ 132.34 to $ 146.81. Immediate resistance to the currency can be found at $ 115.23 and strong resistance at $ 156.14. The coin will first be supported at $ 145.06 if the bear decides to hit. If you can not keep this ground, the strong support is $ 113.33
Bollinger bands they began to predict a highly volatile market as the bands began to expand, leaving more room for price movements.
Chaikin cash flow he is predicting that the bull will prevail in the volatile market while the money has begun to flow into the market, showing the support of the coins.
Parabolic SAR it is also rooting for a bull market when the points have started to align below the candlesticks.
1 day
Chart of daily prices of Ethereum | Source: trading view
In the one-day chart, the currency shows a downtrend from $ 714.00 to $ 153.50. The upward trend for the currency is represented at $ 83.73 and reaches $ 114.53, only to march forward to find the ground at $ 128.50. The immediate resistance for the currency is $ 179.25 and the strong resistance is $ 619.07. Immediate support is $ 114.33 and strong support for $ 82.70.
MACD is forecasting that the currency will continue its upward trend as the moving average line has made a bullish crossover.
Klinger Oscillator, on the other hand, disagrees with the MACD as it predicts a downward trend. This is due to the downward crossover of the reading line.
RSI is proving that the buying pressure for the currency is balanced with the selling pressure.
Conclusion
The cryptocurrency will continue to ride the bull on the back of the next hard fork. This is demonstrated with the support of Parabolic SAR, and the flow of Chaikin money from the graph of an hour and the MACD from the one day chart.
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