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Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 170, $ 160, $ 150
Yesterday, November 15, the price of Ethereum was in a lateral trend. The price of Ethereum dropped to a low of $ 178.21 and started a movement linked to the interval. The appearance of the Doji and Spinning chandeliers described the indecision of buyers and sellers at the price level of $ 178. In addition, the price of cryptography is lower than the exponential moving averages (EMA) which indicate that the price is destined to decrease.
Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. The price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in the downtrend zone. If the price level of $ 178 is valid, traders should start long negotiations in anticipation of an uptrend.
Short-term trend ETH / USD: variable
In the 1 hour chart, the digital currency has a downward trend. The price of the encryption has fallen to a minimum of $ 171, but the price has shrunk to start a movement related to the interval. Meanwhile, the price of encryption is neither lower nor higher than the 12-day EMA and the 26-day EMA indicates a lateral trend. 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.
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