Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77

Fri, 06 Dec 2019, 07:25 am UTC

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 141.35 (61.8 Fib); Resistance: 149.77 (200H MA)

Technical Analysis: Bias Bearish

ETH/USD has paused recovery and was trading marginally lower at 147.56 at 07:00 GMT.

Recovery attempts in the pair were capped at 200H MA, and the pair was trading rangebound around 5-DMA.

Technical indicators on the intraday charts have gone directionless, volatility is also shrinking.

That said, major trend remains bearish. MACD is well in the negative territory. RSI converges with price action, supporting bearish bias.

78.6% Fib is immediate support at 141.35, break below could see drag till 113 (88.6% Fib).

Decisive close above 5-DMA (147.56) will see next hurdle at 200H MA at 149.77. Decisive break above 200H MA to see more upside.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,684.84 (-4.84%)
  • Ethereum (ETH) $165.40 (-6.02%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $330.61 (-6.51%)
  • Bitcoin SV (BSV) $269.76 (+2.76%)
  • Bitcoin (BTC) $8,684.84 (-4.84%)
Jan 17, 2020 (Friday)
13:42
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:42
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:50
Crypto dealer SFOX announces new service for investors and wealth managers
11:10
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
10:09
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
10:08
Crypto exchange Gemini launches own insurance company "Nakamoto"
09:29
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
08:55
Huobi joins Blockchain Turkey Platform (BCTR)
08:21
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
07:38
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
07:01
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
07:01
U.S. lawmakers seek tax exemption for crypto transactions under $200
06:19
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
05:56
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
04:46
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
04:27
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
04:21
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
13:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:21
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft