[ad_1]
ETH / USD long-term trend: bearish
Resistance levels: $ 350, $ 370, $ 390
Support levels: $ 70, $ 50, $ 30
The ETH / USD pair was present in the bear market from May to December 2018. The 12-day EMA and the 26-day EMA are heading south. And the price of Ethereum is trading at $ 85.42 as at the time of writing. From the weekly chart, the stochastic oscillator is in the oversold region and below the 20% range. This implies that the price of the crypt has a strong downward impulse and a sales signal.
That is the crypt has the possibility of further depreciation between the lows of $ 60 and $ 70. Meanwhile, the price of the crypto is lower than the 12-day EMA and the 26-day EMA indicating that it is a downward trend is underway. 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.
[ad_2]
Source link
