THELOGICALINDIAN - Ethereum amount confused aloft 10 which was a above hurdle Moving advanced added assets are acceptable as the uptrend seems to be intact
Ethereum Price – Buy Near Trend Line?
Ethereum amount afraid abounding traders, but our appearance of affairs it played out well. I alike mentioned that there is a adventitious of it testing the $10 handle. The amount did barter college and bankrupt the $10 handle. I was anticipating some affairs burden abreast the declared level, but that did not happen. The price connected to move college and traded as aerial as $10.48.
There is now a bullish trend band formed on the 4-hours blueprint of Ethereum amount (data augment via Kraken), which is acting as a abutment zone. If the amount moves bottomward or corrects lower from the accepted levels, again the trend band abutment may appear into play. A breach beneath it ability alarm for a move appear the 23.6% Fib retracement akin of the aftermost leg from the $6.35 low to $10.48 high. Let us see any added losses are accessible or not if the trend band paves the way. The abutting abutment can be the 50% Fib retracement akin of the aftermost leg from the $6.35 low to $10.48 high.
On the upside, a analysis of $11.00-20 is possible, as continued as the amount is aloft the trend band support.
4-hours MACD – The MACD is in the bullish slope, which is a absolute sign.
4-hours RSI – The RSI is about the overbought levels, calling for a accessory correction.
Intraday Support Level – $9.80
Intraday Resistance Level – $10.50
Charts address of Kraken via Trading View
