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Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 120, $ 110, $ 100
Yesterday, November 22nd, the price of Ethereum was in a bearish trend. On November 22nd, a bear candlestick was rejected by the 12-day EMA and the price continued its movement linked to the interval. Later the bears started their bearish movement. The digital currency could find a support of $ 120.
Meanwhile, the price is 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. Nevertheless, traders should exit their previous long trading as the price has resumed its bearish movement. There will be no commercial recommendations until the downward trend is exhausted.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of the crypt is in a downward trend. On 23 November, the digital currency was countered by the 12-day EMA and the price has resumed its bearish movement. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Ethereum is lower than the 12-day EMA and the 26-day EMA indicating 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.
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