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/ latest version 2018/08 / ethereum-eth-long-term-price-analysis-5 /
Ethereum (ETH) Long-term price analysis
ethereum-et-long-term-price- analysis -5
- Stochastic oscillators have crossed the oversold zone to touch flow 20 and point north. This means that an uptrend could get ahead of schedule.
- The $ 250 accumulation territory was the strong support that the bears were not able to break, but managed to test.
ETHUSD Long-Term Trend – Bearish [19659007] Distribution Territories: $ 600, $ 650, $ 700
Accumulation Territories: $ 200, $ 150, $ 100
Ethereum has been depreciated against of the US dollar this week. The cryptocurrency continued to decline until August 15, at which point it began to correct towards the top. A considerable considerable peak occurred on 17 August.
Ethereum Chart by TradingView
The following day, his price was lowered to the bottom line of the previous day. Currently, ETH is still trading below the trend lines of both SMAs. The two SMAs were separated by a wide range, with SMA 50 days longer than the 14-day SMA.
Stochastic oscillators have crossed the oversold zone to touch the radius 20 and point north. This means that an uptrend could get ahead of schedule. The $ 250 accumulation territory was the strong support that the bears were not able to break, but managed to test.
The north crossing of the stochastic oscillators means that the bulls could conquer the market by bear forces. Traders can join the upward movements.
The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.
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