Price analysis of Ethereum | 10 December 2018 ⋆ ZyCrypto

Offer levels: $ 102, $ 110, $ 118

Demand levels: $ 92, $ 84, $ 76

AndTH / USD Medium-term trend: variable

The ETH / USD is going towards the medium-term prospects. The cryptocurrency has been losing for more than a week. December 7 fell to the level of demand of $ 84, consolidated for some time at the same level before the bulls gained pressure and pushed the coin up, breaking the previous bid level of $ 92 and pushing it to the level of $ 102 . It was resisted and fell to the previous minimum. Yesterday, the currency was tied to the range between the bid level of $ 102 and the demand level of $ 92.

The currency is between the 21-day EMA and the 50-day EMA at the next over the counter. The two EMAs are closely parallel to one another as a sign of consolidation on the ETH market. However, the period 14 of the stochastic oscillator is greater than 60 levels with the signal lines that bend downward that connotes the sales signal.

The bearish momentum will be anticipated towards price levels of $ 84 – $ 76 if there is a clear ETH price breakout below the demand level of $ 92. Similarly, a breakout above the bid level of $ 102 will expose the coin to $ 110 in price level.

Short-term trend ETH / USD: variable

ETH is going in its short-term perspective. ETH touched the low to the previous minimum of $ 84 in demand on December 18, when a bullish pin formed bar returned the price to the level of $ 102 after the previous bid level of $ 92 was broken and the currency began to move between the bid level of $ 102 and the demand level of $ 92.

The price is currently between the two well-closed EMAs to each other and the two EMAs are parallel and do not indicate that consolidation is under way. However, the period 14 of the stochastic oscillator is less than 20 with the south-facing signal lines indicating further sales of ETH.