Ethusdanalysis
ETHUSD approaching support, potential for a bounce!
ETHUSD is expected to drop to 1st support at 189.21 where it could potentially react off and up to 1st resistance at 371.18.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
ETHUSD - Bulls soon to enter for more longFREE ANALYSIS ON ETHUSD
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Good Break down the
trend line and we have now found
some support at a previous Resistance
Expecting More Upside moves
ETHUSD approaching support, potential for a bounce!
ETHUSD is expected to drop to 1st support at 371.18 where it could potentially react off and up to 1st resistance at 254.59.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
FREE ANALYSIS ON ETHUSD - CATCH THE LONGWelcome to SiriusTrading, Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE :)
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15 Min
ETHUSD broke down the MA200, EMA150 & WMA 100. Thou MACD on 15min chart is showing a bullish divergence, i believe price will still move down towards the $270 mark.
1 HOUR
Price could test the $270 mark or lower before the bulls take over again. the $270 mark is also the 38.2 % Fib retracement.
4 HOUR
short term price drop with longer time move up. MACD and StochRSI moving into the oversold positions.it is also possible for price to retrace to around the 61.8% fib retracement value
OVERALL
Seems we are seeing a correction of the previous bull run. More upside expected.
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Short-term signal #Ethereum #ethusdSo, first of all, we're still 75% off the peak as you can see, Ethereum broke the resistance at $ 288, the big red cloud actually warns that we are still on a downward trend, but there is no doubt that the Ethereum is on the safe way to the moving average line 100, to 384$ in the short term.