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Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 150, $ 140, $ 130
Yesterday, November 19, the price of Ethereum was in a bearish trend. The 12-day EMA resisted a bearish candelabra and the price fell to a low of $ 150.93 and started a movement with an action radius. The price is still lower than the 12-day EMA and the 26-day EMA indicates that the price is in the bearish trend zone.
Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. If the price breaks the high exponential moving averages, the price is likely to increase. But if it checks the exponential moving averages and falls, the price will continue its bearish movement.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the digital currency has a downward trend. A bearish candle tested the 12-day EMA and resisted, the price will continue its bearish movement. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal.
In addition, the price is lower than the 12-day EMA and the 26-day EMA indicates that the price is in the bearish trend zone. If the price is higher than the price level of $ 150, traders should look for the purchase settings.
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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