• Thu, 05 Dec 2019, 09:51 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: ETH/USD ends consolidation, break below 50-DMA and rising volatility support downside

Tue, 19 Nov 2019, 06:53 am UTC

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 171.28 (Cloud base); Resistance: 180.77 (50-DMA)

Technical Analysis: Bias turning bearish

ETH/USD has ended the consolidation phase, bias has turned bearish.

The pair was trading 0.96% lower at 176.10 at 06:45 GMT after closing 3.28% lower in the previous session.

Price action is extending break below 50-DMA support and rising volatility raises scope for further weakness.

Technical studies are strongly bearish, Stochs and RSI are biased lower and RSI has fallen below 50 mark.

Major trend is flat, however, near-term trend has shifted to bearish as shown by the GMMA indicator.

Next major support lies at 155 (Lower W BB). Immediate resistance lies at 5-DMA at 179.97. Break above 110-EMA (190.31) will negate near-term bearish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,423.55 (+1.66%)
  • Ethereum (ETH) $149.36 (+1.26%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $212.91 (+1.03%)
  • Litecoin (LTC) $45.08 (-0.64%)
  • Bitcoin (BTC) $7,423.55 (+1.66%)
Dec 5, 2019 (Thursday)
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: LTC/USD pauses downside, bullish RSI divergence raises scope for upside
U.S. financial regulators call for continued monitoring of digital assets and DLTs
Crypto Technicals: IOT/USD retraces above 0.20 handle; recovery lacks traction
Samsung Blockchain Keystore to be soon available in six more European countries, says TRON CEO Justin Sun
KT and China Mobile team up to commercialize blockchain-based roaming charge system
Crypto Technicals: XRP/USD capped below 5-DMA, on track to test trendline support at 0.1995
France to launch CBDC trial by end of Q1 2020
Crypto Technicals: BTC/USD finds selling pressure at highs, bias remains bearish as long as 21-EMA resistance holds
OneConnect seeks to raise $500M for its upcoming IPO amidst global expansion of parent company Ping An
China’s Hainan announces new measures, $142M fund to support blockchain industry
Sean Neville to step down as Circle co-CEO
Bakkt CEO Kelly Loeffler appointed as U.S. senator by Georgia governor Brian Kemp
Gemini burns GUSD bringing total supply to 4.1 million
Crypto Technicals: ETH/USD recovery capped at 200H MA, break below 78.6% Fib (141.35) to knock prices lower
Poloniex users could lose fund, account if they fail to withdraw tokens by Dec. 16, Circle warns
North Korean hacking group may be behind near-undetectable macOS malware
Dec 4, 2019 (Wednesday)
BOJ Governor Haruhiko Kuroda sees no public demand for CBDC at the moment
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.