AndTH / USD Medium-term trend: variable
- Resistance levels: $ 240, $ 250, $ 260
- Support levels: $ 100, $ 90, $ 80
Yesterday, 17 January, the price of Ethereum was in a bearish trend zone. The cryptography had been in the bearish trend zone since January 15, 2019. In addition, the price of Ethereum was floating above the price level of $ 120 from January 15, 2019.
On the negative side, if the price of the crypto remains below 12 days EMA and 26 days EMA, the price of the cryptography will decrease or the price will continue its movement related to the interval. On the upside, if the bulls break above EMA, the crypt will reach the $ 130 level. Meanwhile, the stochastic is outside the oversold region but below the 80% range. , which indicates that Ethereum has a bullish moment and a buy signal.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the price of encryption is in the uptrend zone. The bulls broke the 12 day EMA, the 26 days and reached the maximum of $ 127.32. The price of the crypt is coming back from the recent high at the EMA. The stochastic is located in the oversold region but below the 20% range indicates that Ethereum is in a bearish momentum and a sell signal. The MACD line and the signal are above the zero line indicating a purchase signal.
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