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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.

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  • Bitcoin (BTC) $8,703.81 (-1.26%)
  • Ethereum (ETH) $185.40 (-1.66%)
  • XRP (XRP) $0.269900 (-1.73%)
  • Bitcoin Cash (BCH) $278.82 (-2.69%)
  • Litecoin (LTC) $59.63 (-2.66%)
  • Bitcoin (BTC) $8,703.81 (-1.26%)
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