THELOGICALINDIAN - Ethereum amount traded added college bygone and accomplished my final ambition of 1040 Now can it actual and barter college already again
Ethereum Price Trend Line Support
Ethereum amount ETH afterwards clearing aloft the $10.00 attrition breadth surged college and alike managed to ascend appear the aftermost beat aerial of $10.40, which was my final ambition of longs. The amount traded as aerial as $10.54 vs the US Dollar, and again started to actual lower. There are abounding abutment levels formed on the downside, which may act as a hurdle for the ETH sellers.
First, there is a actual important bullish trend band formed on the alternate blueprint (data augment via Kraken) of ETH/USD, which is additionally ancillary with the 100 alternate simple affective average. So, we can say that there is a monster abutment formed on the downside at $9.70-80, which can additionally be advised as a buy area. An antecedent abutment on the downside is about the 38.2% Fib retracement akin of the aftermost leg from the $8.98 low to the $10.54 high.
However, as mentioned the best important abutment is about the accent trend band back is additionally positioned with the 50% Fib retracement akin of the aftermost leg from the $8.98 low to the $10.54 high.
Hourly MACD – The MACD is in the bearish slope, signaling affairs of a alteration in the abbreviate term.
Hourly RSI – The RSI is still aloft the 50 level, which is a assurance that ETH beasts are in control.
Intraday Support Level – $9.80
Intraday Resistance Level – $10.50
Charts address of Kraken via Trading View
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