Adriana Lowe
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 29
Joined: Tue Jun 12, 2018 11:54 am

ETH/USD: $150-160 as support?

Mon Apr 15, 2019 5:06 pm

Credit: free chart from Sigma by Hydra X.

ETHUSD broke above $150-60 resistance, but has seen upward progress checked by sellers in the $175 area. $150-60 could act as resistance-turned-support, and any stop hunt that brings prices back to the $150 region could create a good risk-reward for opportunistic longs.
ETHUSD 15 Apr.png

Nickel Bitcoiner
Nickel Bitcoiner
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Joined: Sat Jun 30, 2018 12:35 pm
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Re: ETH/USD: $150-160 as support?

Sun Jul 07, 2019 12:13 am

The ETH/USD pair is now in a bullish trend. In the last one month, the price of Ethereum had been trading between the levels of $220 and $280. The bulls had made several attempts to break out this range but to no avail. On June 21, the bulls broke the $280 upper price range and reached the previous high of $315 price level.

The 12-day EMA and the 26-day EMA are trending northward indicating an uptrend. A trend line has been drawn to determine the duration of the bullish trend. If a bullish trend is ongoing, the candlestick will test the trend line and make an upward move to the previous highs or new highs.

eETH/USD pair is still in a bullish trend. However, if price breaks the trend line and another candlestick closes on the opposite of it; the bullish trend is said to be terminated. The ETH price is expected to reach a high of $340 price level. Meanwhile, the MACD line and the signal line are above the zero lines which indicates a buy signal.

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