111`1`1`1`1
ETH/USD
Medium-term Trend: Bullish
Resistance Levels: $240,
$250, $280
Support Levels: $100, $80, $60
Support Levels: $100, $80, $60
Yesterday, December 18, the
price of Ethereum was in a sideways trend. On December 17, the ETH price closed
at a price of $98.81 after a bullish trend. After that, the crypto’s price went
into a sideways trend after facing resistance at the $98 price level. The
crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that
price is likely to rise.
The crypto’s price broke the
resistance at $100 price level and it is approaching the price at $105. On the
other hand, if price breaks below the 12-day EMA and the 26-day EMA, the crypto
will resume its downward trend. Meanwhile, the MACD line and the signal line
are above the zero line which indicates a buy signal. Also, the price of ETH is
above the 12-day EMA and the 26-day EMA indicating that price is in the bullish
trend zone.
ETH/USD Short-term Trend: Bullish
On the 1-hour chart, the
crypto's price was in a bullish trend. The price of Ethereum reached the high
of $99.20 and commenced a range bound movement. The crypto’s price is
fluctuating below and above the 12-day EMA.
If price breaks below the
12-day EMA and 26-day EMA, the crypto will resume its downtrend. On the upside,
the crypto’s price has the tendency to rise above the EMAs but must break the
resistance to reach other levels of prices.
The views and opinions expressed here do not
reflect that of BitcoinExchangeGuide.com and do not constitute financial
advice. Always do your own research.
Source: www.bitcoinexchangeguide.com
No comments:
Post a Comment