ETH Declines Against US Dollar – There was a decent support formed near $95 in ETH price against US Dollar. The pair started a short term upside correction and traded above $88 and $90. The break above 23.6% Fib retracement level of the last slide from the $98 high to $85 low. The pair then failed to gain pace above the $90 level and the 100 SMA. global xchange.
Global x change. The last slide from $98 high to $85 low rejected the 50% Fib retracement level. Week followed important bearish trend line in active with resistance at $90 on the hourly cart of ETH/USD. The pair retreated from the $91-$92 zones and declined below the $90 level. It is likely to continue decline towards the $85 support level. The price can revisit the $82 support zone. On the other hand, close above $92 level and 100 SMA is needed for a bullish break. Global exchange.
ETH price is clear;y trading near a major turning point above $82 and$85. MACD has returned in the bearish zone and RSI has dropped below 50 level. globalexchange.
Comments
Post a Comment