Crypto Technicals: ETH/USD resumes upside after brief pause, breaks above 200H MA
Fri, 29 Nov 2019, 11:19 am UTC
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 150.47 (5-DMA); Resistance: 163.79 (21-EMA)
Technical Analysis: Bias turning bullish
ETH/USD has resumed upside after a brief pause on Thursday's trade.
The pair was trading at 154.28, up 2.17% at 11:00 GMT after closing 1.30% lower in the previous session.
Technical indicators are turning slightly bullish. 5-DMA is now biased higher.
Stochs and RSI have rolled over from oversold into neutral territory and are biased higher.
Price action is holding above 5-DMA support and is extending break above 200H MA.
The pair is on track for further upside. Bulls eye 21-EMA at 163.79 ahead of 20-DMA at 168.06.
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