AndTH / USD Medium-term trend: variable
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 130, $ 120, $ 110
Yesterday, November 21, the price of Ethereum was in a bearish trend. The price of encryption dropped to a minimum of $ 137.37 and began a range binding movement at the same price level. Today, a bullish candelabra is approaching the 12-day EMA.
The price should break the 12 day EMA and the 26 day EMA; then resume its upward movement. Meanwhile, the price is lower than the 12-day EMA and the 26-day EMA indicates that the price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the price of the crypt is in an uptrend. On November 21st, the digital currency fell to a low of $ 133.97 and started a bullish movement. The price is now higher than the 12-day EMA and the 26-day EMA indicates that the price of Ethereum is now in an uptrend zone.
Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The time has come for traders to start long trades in anticipation of an uptrend. So a stop loss should be placed below the previous minimum of $ 129.
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