ETH/USD - Levels To Watch
What's up traders,
Here we are analyzing Ethereum on the 2H chart.
At current price is trading at 690.90, nearly finding support on a side-wards support and 20 and 50 moving average resistance, suggesting a legitimate bearish presence.
Price will now likely test the moving averages and use them as a new resistance level. Coupled with the fact we have the side-wards support that's weak and likely to become resistance, we could see price to downside target of 580.
I am expecting Ethereum to lose some ground now as the trend is having a legitimate turn.
Bare in mind, that I think Cryptocurrency will have an outstanding year, and I think Cryptocurrency as a whoel has the real possibility to outperform this year.
I will update this analysis when I receive above 40 likes.
Here we are analyzing Ethereum on the 2H chart.
At current price is trading at 690.90, nearly finding support on a side-wards support and 20 and 50 moving average resistance, suggesting a legitimate bearish presence.
Price will now likely test the moving averages and use them as a new resistance level. Coupled with the fact we have the side-wards support that's weak and likely to become resistance, we could see price to downside target of 580.
I am expecting Ethereum to lose some ground now as the trend is having a legitimate turn.
Bare in mind, that I think Cryptocurrency will have an outstanding year, and I think Cryptocurrency as a whoel has the real possibility to outperform this year.
I will update this analysis when I receive above 40 likes.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.