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AndTH / USD Medium-term trend: variable
Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 180, $ 160, $ 140
Yesterday, October 31, the price of Ethereum was in a lateral trend. The price of the crypt had been above the price level of $ 200 in the last two weeks. On October 29th, the bears broke the $ 200 level and the price fell to a low of $ 196.50 and started another series move. The price of the crypt is now floating above the price level of $ 196.50.
As the price is still below the exponential moving average, Ethereum is expected to fall to the previous minimum of $ 190. If the price falls to a minimum of $ 190, traders should look for purchase settings to start long-term negotiations. 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.
Short-term trend ETH / USD: variable
In the 1 hour chart, the price of the crypt is in a lateral trend. As the price of the crypt exceeded the price level of $ 196.50, the price tested the price of $ 193 and rebounded to its band movement. The price of the crypt is higher than 12 days for EMA and 26 days for EMA indicating that the price is increasing. The MACD line and the signal line are above the zero line indicating a purchase 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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