• Sat, 24 Aug 2019, 08:31 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: ETH/USD struggles at channel top, spinning top and bearish divergence suggest consolidation

Mon, 13 May 2019, 10:09 am UTC

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 182 (5-DMA); Resistance: 208 (Channel top)

Technical Analysis: Bias Bullish

ETH/USD has paused upside at channel top resistance.

Technical bias for the pair remains bullish and we do not see major reversal signs.

Back-to-back spinning top formations on the daily candle suggest some consolidation before the next leg higher.

Also, RSI are on verge of rollover from overbought levels and we see slight bearish divergence.

On the intraday charts, the pair has held support at hourly cloud and 1H 55-EMA at 187.

Break below hourly cloud finds next support at 5-DMA at 182. Break below 182 will see dip till 21-EMA at 170.

Bias higher as long as pair holds above 200-DMA. Breakout at channel top (currently at 208) will propel the pair higher.

Next bull target above 208 lies at 222 (Nov 7th high). Bullish invalidation below 200-DMA.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,124.10 (-2.69%)
  • Ethereum (ETH) $190.02 (-2.04%)
  • XRP (XRP) $0.272700 (-1.12%)
  • Bitcoin Cash (BCH) $307.05 (-1.86%)
  • Litecoin (LTC) $73.33 (-2.34%)
  • Bitcoin (BTC) $10,124.10 (-2.69%)
Aug 23, 2019 (Friday)
Stablecoin project Terra receives funding from HashKey Capital
Three of the founding members of Libra Association consider backing out: Report
Overstock's Patrick Byrne steps down as CEO
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
BitGo announces support for multi-signature EOS wallet and custody services
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
Crypto exchange Coincheck mulls launching IEO Platform
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Sierra Leone launches blockchain-based National Digital Identity Platform
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.