• Mon, 27 May 2019, 09:39 AM
  • All times are UTC
  • Edition:
    International
Link copied

FxWirePro: ETH/USD recovers from 13-month low of 167, eyes 200

Thu, 13 Sep 2018, 11:41 am UTC

(Refer ETH/USD chart on Trading View)

ETH/USD is trading in the green on Thursday as bulls seem to have taken back some control.

The pair is currently trading at 192, recovering from the 13-month low of 167 hit on September 12 (Coinbase).

The pair is currently hovering around 190 (5-DMA) and a consistent break above would see it testing 200/ 210 (10-DMA)/241 (21-EMA)/270 (trend line joining 828.97 and 515.88)/300.

On the flip side, short-term support is seen at 181 (1h 50-SMA) and any violation would target 167 (September 12 low)/151 (trend line joining 507 and 250.28)/130 (15 July 2017 low).

Technical indicators still remain bearish on the daily chart, despite the minor recovery seen today. That said, the hammer pattern and bullish intraday bias suggest scope for minor upside.

A consistent break above 200, along with a rollover of RSI and stochs from oversold levels, could see a jump till 210.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $8,725.60 (+9.05%)
  • Ethereum (ETH) $267.85 (+7.19%)
  • XRP (XRP) $0.410200 (+7.02%)
  • Bitcoin Cash (BCH) $434.28 (+8.25%)
  • Litecoin (LTC) $113.81 (+11.88%)
  • Bitcoin (BTC) $8,725.60 (+9.05%)
May 27, 2019 (Monday)
09:11
More Indian telecom giants including Vodafone Idea, Jio to deploy blockchain-based anti-spam call tech
08:53
Recruit invests in next-gen blockchain startup COTI
07:44
Crypto exchange Bittrex teams up with IdentityMind for automated transaction monitoring
07:05
Rabobank ditches plan to launch cryptocurrency wallet 'Rabobit'
06:53
Deloitte Canada selects LiteLink as blockchain delivery group
06:09
Crypto trading app Robinhood gears up to raise $200M: Report
06:04
Saudi Customs departs first blockchain-powered shipment to Rotterdam
05:16
US State of Montana is now crypto friendly, recognizes utility tokens
04:20
Facebook’s Zuckerberg reaches out to Winklevoss twins for crypto project: Report
03:46
Blockchain capital markets platform iSTOX joins Singapore's sandbox
03:33
Luxury watchmaker Vacheron Constantin to use blockchain technology to authenticate timepieces
03:23
Swisscom TV to showcase blockchain-based artwork
May 24, 2019 (Friday)
12:18
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
10:50
German engineering giant Bosch trials Ethereum blockchain
10:39
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
09:33
Bank of Russia to review proposal on gold-backed cryptocurrency
09:17
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
08:45
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
08:45
Robinhood Crypto is now in New York
07:27
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft