Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: ETH/EUR retraces with 'Hammer' formation, breakout at 50H SMA (240) to see further upside

Wed, 19 Jun 2019, 08:11 am UTC

ETH/EUR chart - Trading View

Exchange - Coinbase

Support: 228 (converged 20-DMA and 21-EMA) ; Resistance: 250 (Upper BB)

Technical Analysis: Bias Bullish

ETH/EUR pares most of previous session's losses, trades 1.63% higher at 240.17 at 07:30 GMT.

The pair has retraced from session lows with a hammer formation on the 4H charts. 'Golden Cross' adds to the bullish bias.

Price action is currently struggling at 50H SMA at 240, breakout there could propel the pair higher.

Major trend in the pair is bullish. GMMA indicator shows near and long term bullishness for the pair.

Correction failed to break below 200H SMA and bullish 5-DMA crossover on 20-DMA to see bullish resumption.

Upper Bollinger band at 250 could offer minor resistance before bulls retake 2019 highs at 260.

Strong support seen at 228 (converged 20-DMA and 21-EMA). Break below could see further weakness.

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.
More
  • Bitcoin (BTC) $8,629.23 (-1.18%)
  • Ethereum (ETH) $165.99 (-1.97%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $342.48 (+0.15%)
  • Bitcoin SV (BSV) $296.83 (-6.40%)
  • Bitcoin (BTC) $8,629.23 (-1.18%)
Jan 22, 2020 (Wednesday)
13:12
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:12
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
13:08
Mastercard, Standard Chartered and others join Singapore’s blockchain-based TradeTrust network to digitize international trade
12:01
Crypto Technicals: BCH/USD finds stiff resistance at 55W EMA at 358.85, break above to propel prices higher
10:48
Crypto Technicals: LTC/USD grinds higher, retraces brief dip below 200H MA
10:47
Square Crypto makes first major project announcement
10:17
Crypto accounting service Cryptio selected for ConsenSys’ Tachyon, reveals plans for 2020
09:08
Binance’s global P2P merchant program goes live
08:54
Huobi Group launches its own crypto brokerage platform
07:40
3 executives including founding team members leave SIX Digital Exchange (SDX)
07:17
Turkish City works on a new cryptocurrency to serve citizens better
06:54
Vodafone quits Facebook’s Libra to focus on own digital payment service M-Pesa
06:54
Crypto Technicals: ETH/USD correction holds above 110-EMA, set to resume upside as bias remains bullish
06:04
Grayscale Bitcoin Trust becomes SEC reporting company
05:42
Crypto Technicals: BTC/USD struggles to extend recovery, 'Death Cross' on hourly charts weighs
05:42
Six central banks team up to explore potential cases for CBDCs
04:46
Australia's APRA wants to supervise digital wallets like Facebook's Calibra
04:26
Didn’t ban cryptocurrencies but ringfenced banks from it, clarifies Reserve Bank Of India
Jan 21, 2020 (Tuesday)
12:25
Brave New Coin announces ‘Twitter Sentiment’ data for bitcoin
11:30
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft