Crypto Technicals: ETH/USD struggles at 110-EMA, break below cloud could see more weakness
Thu, 07 Nov 2019, 04:54 am UTC
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 183.07 (21-EMA); Resistance: 192.09 (110-EMA)
Technical Analysis: Bias Slightly Bullish
ETH/USD has paused upside at 110-EMA resistance (192.09), decisive break above required for further gains.
The pair has retraced from 2-week highs at 194.60 and was trading at 189.45, down 0.88% at 04:20 GMT.
Cloud is immediate support at 188.41, break below daily cloud will see more weakness. Dip till 20-DMA at 180.25 likely.
That said, 'Bullish Divergence' keeps scope for upside. RSI holds above 50 mark and Stochs show bullish momentum.
Breakout at 110-EMA will see test of 23.6% Fib at 202.23. Further bullishness could take the pair higher to 200-DMA at 213.67.
<Copyright © TokenPost. All Rights Reserved. >