ETHUSD still alive and well at $200
Hi all,
Yesterday, ETH followed the example of BTC and made a sharp correction to its price. It erased 5 percent of its value and moved down to $198.
Luckily, it found support at the psychological level of $200 and today is trading a little bit higher, also above the mid-term downtrend, diagonal resistance.
It is also worth noting that during yesterday's drop, the ETHUSD pair hit the lower support around $190 and bounced back immediately. The level is also backed by the 100-day EMA.
What I'll be looking for today is a green candle closure above $200 that can set up the ground for further recovery in the zone up to $216.
Negative scenario: drop to $190-$186 S/R and potential continuation towards $175
Cheers,
Yesterday, ETH followed the example of BTC and made a sharp correction to its price. It erased 5 percent of its value and moved down to $198.
Luckily, it found support at the psychological level of $200 and today is trading a little bit higher, also above the mid-term downtrend, diagonal resistance.
It is also worth noting that during yesterday's drop, the ETHUSD pair hit the lower support around $190 and bounced back immediately. The level is also backed by the 100-day EMA.
What I'll be looking for today is a green candle closure above $200 that can set up the ground for further recovery in the zone up to $216.
Negative scenario: drop to $190-$186 S/R and potential continuation towards $175
Cheers,
הערה
Good move yesterday climbing above the mid-term downtrend lineהערה
הערה
What we need here is a proper consolidation in the current zoneהערה
ETH successfully consolidated above $200-$205 yesterday and is now trading at $210, so our target up remains the same - $216-$220.Let' see if this is an ascending triangle being formed on the 1h chart
הערה
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.