[ad_1]
Medium-term trend ETH / USD: bearish
- Resistance levels: $ 240, $ 250, $ 260
- Support levels: $ 130, $ 120, $ 110
Yesterday, January 10, the price of Ethereum was in a bearish trend zone. The price of the crypt had been trading above the price level of $ 150 in the last four days. It was assumed that the bears would have broken the price of $ 150 since it was in the bearish trend zone. Now the bears have finally broken below the $ 150 level and the EMAs.
Cryptography has dropped to the $ 130 level and is likely to fall because it is lower than the EMAs. Meanwhile, the stochastic indicator is in the oversold region below the 20% range, indicating that Ethereum has a strong downward impulse and a sell signal. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of encryption is in the bearish trend zone. On December 10, cryptography dropped to $ 140. Subsequently, it depreciated at the price level of $ 132. The cryptography now goes beyond the price level of $ 129. A bullish candelabra has attempted to break the dollar. 12-day EMA and was dismissed. The price of the crypt is in decline.
The stochastic is outside the oversold region but below the 80% range indicates that Ethereum is in a bearish momentum and a sell signal. 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
