ETH / USD long-term trend: bearish
Resistance levels: $ 350, $ 370, $ 390
Support levels: $ 160, $ 140, $ 240
The ETH / USD pair had a bullish trend in the first week of November 2018. The crypta made a bullish movement of up to $ 224.85. The 12-day EMA and the 26-day EMA are horizontally flat. At the lower time, the crypt broke the exponential moving averages (EMA) and the price fell to a low of $ 174.64. The price of the crypt has reached the oversold region of the market.
Traders must look for purchase configurations in order to start long trades in anticipation of an uptrend. It is expected that the encrypted price will increase as the price has reached the oversold region of the market. Meanwhile, the price of Ethereum is lower than 12 days for EMA and 26 days for EMA indicating that there is a downward trend. The MACD line and the signal line are below the zero line indicating a sales signal.
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