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Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 170, $ 160, $ 150
Yesterday, November 14, the price of Ethereum was in a bearish trend. The price was fluctuating to the $ 210 level before the bearish breakout. The price of the crypto was countered by the 12-day EMA and is approaching the price level of $ 180. The digital currency has reached its oversold region, so traders should look for purchase settings in order to start long exchanges.
This will allow traders to earn partial profits when the price of the crypt begins its uptrend. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. The price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in the downtrend zone.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of the crypt is in a downward trend. The price of the crypto has dropped to a minimum of $ 182.05 and the price varies at that price level. The price of encryption is now lower than 12 days EMA and 26 days EMA indicating that the price is in the downtrend zone. The MACD line and the signal line are below the zero line indicating a sales signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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