Technical Analysis – ETHUSD rebounds on 18-month trough; maintains sell-off sentiment in long term

Posted on November 28, 2018 at 2:55 pm GMT

ETHUSD has been strengthening its upside momentum over the last couple of days after the bounce off the 18-month low of 97.85. The price rose above the 20-simple moving average (SMA) and is approaching the 40-SMA in the 4-hour chart, while from the technical point of view the indicators are moving higher. The RSI indicator is moving higher, surpassing 50 level and the MACD oscillator holds above trigger line but it remains below zero line. In case of a jump above the [..]


Cryptocurrency News – Technical Analysis – ETHUSD bullish bias continues after a red day

Posted on December 20, 2017 at 12:35 pm GMT

ETHUSD recorded a negative day following the reversal from the all-time high 859.19 level. The price plunged more than 12% in just one trading day and during the Asian session, the pair hit the 706.00 support barrier. Also, the price dropped below the 261.8% Fibonacci extension level of the last downward move with high at 514.07 and low at 383.70. However, the cryptocurrency started today with positive momentum and the expectation is a run above the previous all-time high, towards the 423.6% Fibonacci level, which stands near [..]

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