Copy link
Increase text size
Decrease text size
Link copied

FxWirePro: ETH/USD rangebound below cloud, intraday bias neutral

Mon, 30 Jul 2018, 11:57 am UTC

ETH/USD continues to trade in a narrow range on Monday as it faces strong resistance from Ichimoku Cloud.

The pair is currently trading at 459 levels at the time of writing (Coinbase).

On the upside, a break above 475 (Cloud bottom) would see it testing key psychological level of 500. Further strength would target 522 (90-EMA)/563 (100-DMA)/600.

On the downside, the pair continues to hold trend line support at 458 and a decisive break below would drag it to 420 (trend line joining 360 and 404.22)/400.

Intraday bias appears neutral as the pair extends consolidation.

Technical indicators are bearish on the daily chart – RSI is below 50 and stochs are biased lower.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (btc) $48,554.00 (+4.87%)
  • Ethereum (eth) $1,546.55 (+7.88%)
  • Cardano (ada) $1.22 (-3.56%)
  • Binance Coin (bnb) $245.20 (+10.91%)
  • Tether (usdt) $1.00 (-0.41%)
  • Bitcoin (btc) $48,554.00 (+4.87%)
Mar 2, 2021 (Tuesday)
06:37
Theta Network tweeted, "Theta Mainnet 3.0 is coming April 21st!"
06:33
Crypto Artwork NFT By Pak Sold For 111 ETH
06:28
MoneyGram Faces Lawsuit Over Alleged False Statements Regarding XRP
06:27
Origin Protocol Is Expect To Process Fund Withdrawal On March 3
06:17
Integrated Ventures Completes Purchase Of 600 Avalon Miners Manufactured By Canaan
06:15
NFTX To Enable NFT Swap
06:05
24H Trading Volume Of Uniswap Tokens Marks $831 Mln
06:05
24H Trading Volume Of Uniswap Tokens Marks $831 Mln
06:02
Effective Hashrate Of Filecoin's Entire Network Marks 2.889 EiB
04:23
BTC Contracts See Shorts Accounting For 51.67% In The Past 4 Hours
03:58
BadgerDAO Integrates With RenVM
03:54
FTX users now are able to deposit USD via a PayPal account.
03:52
Wing Finance Introduces PolkaPet — Wing
03:25
BM: IBC Tech Completed Mostly
03:22
CoinNess Market Surveillance Mar. 2: BTC Rises To $49000 Level
03:14
Hurun Global Rich List: Coinbase CEO Pulls Ahead Of Other Blockchain Practitioner
02:51
Polkastarter announces that DFG now becomes one of members of the Polkastarter governance committee.
02:50
DOGE Is Now Supported At 1800 ATMs In 45 US States
02:30
Crypto Market Sentiment On Mar 02: Market In "Extreme Greed"
02:16
Curve Finance Launches V2 of Pool Factory
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft