Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: ETH/USD ends consolidation, break below 50-DMA and rising volatility support downside

Tue, 19 Nov 2019, 06:53 am UTC

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 171.28 (Cloud base); Resistance: 180.77 (50-DMA)

Technical Analysis: Bias turning bearish

ETH/USD has ended the consolidation phase, bias has turned bearish.

The pair was trading 0.96% lower at 176.10 at 06:45 GMT after closing 3.28% lower in the previous session.

Price action is extending break below 50-DMA support and rising volatility raises scope for further weakness.

Technical studies are strongly bearish, Stochs and RSI are biased lower and RSI has fallen below 50 mark.

Major trend is flat, however, near-term trend has shifted to bearish as shown by the GMMA indicator.

Next major support lies at 155 (Lower W BB). Immediate resistance lies at 5-DMA at 179.97. Break above 110-EMA (190.31) will negate near-term bearish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,226.56 (-0.01%)
  • Ethereum (ETH) $238.22 (-0.61%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $234.59 (-0.71%)
  • Bitcoin SV (BSV) $184.18 (+1.07%)
  • Bitcoin (BTC) $9,226.56 (-0.01%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft