THELOGICALINDIAN - Ethereum amount afterwards a accessory dip vs the US dollar confused college ETH looks like assertive for yet addition run appear the 1450 level
Ethereum Price – Trend Line Break
Ethereum amount ETH managed to acquisition bids intraday and confused a few points’ college vs the US Dollar. Yesterday, I accent a bullish trend band on the alternate blueprint (data augment via Kraken) of ETH/USD, and was expecting it to act as a support area. The trend band did act as a barrier for the sellers and prevented a downside move. The amount is now affective higher, and may be abutting a breach in the abreast term.
Currently, there is addition trend band formed on the aforementioned blueprint on the upside, which is acting as a attrition for added gains. If the ETH beasts administer to breach it, again a move appear the aftermost beat aerial of $14.40 is possible. The amount may alike analysis the $14.50 akin if sellers abort to assure the upside move.
I would advance to delay for a breach if you are attractive to barter ETH/USD, and again plan for a trade. The amount is aloft the 100 alternate simple affective average, which is a absolute assurance and may lift the bazaar affect in the abbreviate term.
Hourly MACD – The MACD is about flat, and pointing appear a breach affective ahead.
Hourly RSI – The RSI aloof confused aloft the 50 level, calling for added assets in ETH.
Intraday Support Level – $13.50
Intraday Resistance Level – $14.10
Charts address of Kraken via Trading View
