THELOGICALINDIAN - Ethereum amount is trading abreast a above assemblage attrition breadth of 1500 Let us see how we can barter ETHUSD in the accepted situation
Ethereum Price Triple Top?
Ethereum amount ETH for the third time trading abreast the $15.00 attrition breadth vs the US Dollar. The declared akin acted as a monster barrier on two occasions earlier, and I declared this abounding times that it holds the key for the abutting move in ETH. The amount is already afresh trading abreast the aforementioned levels, and advancing for a break. Now, there are a few things, which we charge to accede afore trading.
First, there is a adventitious that ETH/USD is creating a amateur top arrangement on the circadian blueprint (data augment via Kraken). If the ETH beasts abort to booty the amount higher, and do not accomplish in breaking $15.00, again there is a achievability of a downside acknowledgment in the abreast term. In that situation, the 23.6% Fib retracement akin of the aftermost leg from the $7.00 low to $14.85 aerial may appear into comedy and act as a support.
On the added hand, if the buyers accomplish in breaking the accent attrition zone, again there is a adventitious of further upsides in ETH/USD. In that case, the 1.236 addendum of the aftermost abatement may be tested, which is about $18.00.
Daily MACD – The MACD is about flat, suggesting that the amount is advancing for a break.
Daily RSI – The RSI is aloft the 50 level, which is a absolute sign.
Major Support Level – $13.00
Major Resistance Level – $15.00
Charts address of Kraken via Trading View
