[ad_1]
ETH / USD Medium-term trend: bullish
- Resistance levels: $ 240, $ 250, $ 280
- Support levels: $ 100, $ 90, $ 80
Yesterday, December 19, the price of Ethereum was in an uptrend. The price of the crypt reached a maximum of $ 107.54, but met resistance to $ 110. The price is now back following the resistance and is approaching the 12-day EMA and the EMA of 26 days. If the price of the crypt goes back and tests the EMA, it can resume its upward movement.
On the other hand, if the price of the crypt is affected and the EMA of 12 days breaks and the EMA 26 days on the decline, it could resume its downward movement. Meanwhile, the price of the crypt is higher than 12 days for EMA and 26 days for EMA, which indicates that the price is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The Stochastic is included in the 20% range, which indicates that Ethereum has a bullish moment and a buy signal.
Short-term trend ETH / USD: variable
In the 1 hour chart, the price of the cryptic was in an uptrend. The ETH price fell below the 12-day EMA and the 26-day EMA and is making a bullish movement out of the bearish trend zone. The Stochastic is included in the 20% range, which indicates that Ethereum has a bullish moment and a buy signal. The stochastic bands initially fell into the oversold region and made a U-turn.
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
