Breaking
Link copied FxWirePro: ETH/USD rangebound, break below 300 to see further downside
Mon, 13 Aug 2018, 11:05 am UTC
(Refer ETH/USD chart on Trading View)
ETH/USD is trading in an extremely close range on Monday as its upside remains capped by 5-DMA.
It fell to 305 levels on August 11 and is currently trading at 319 levels at the time of writing (Coinbase).
On the topside, the pair faces strong resistance at 330 (5-DMA) and a break above would see it testing 360 (10-DMA)/403 (20-DMA)/435 (50-DMA).
On the downside, the pair is currently holding above key psychological level of 300 and any violation would drag it to 275 (23 Oct 2017 low)/237 (113% extension of 828.97 and 305.14)/200.
Bias remains bearish on the daily chart with no major sign of reversal. The back to back dojis suggest current market indecisiveness. That said, there could be minor pullbacks as momentum indicators are in the oversold zone.
Watch out for a break below 300 levels for further downside in the pair.
Call Update: We recommended staying short in our previous call. The pair has almost hit TP2.
Recommendation: Book partial profits, stay short. Trail SL to 360. TP: 275/240.
<Copyright © TokenPost. All Rights Reserved. >
-
PUBLISH (NEWS)
$0.000551 (-15.92%)
-
Bitcoin (BTC)
$26,280.90 (-1.12%)
-
Ethereum (ETH)
$1,592.00 (+0.09%)
-
Tether USDt (USDT)
$0.999665 (-0.04%)
-
BNB (BNB)
$209.71 (-0.47%)
-
XRP (XRP)
$0.499923 (-1.91%)
-
PUBLISH (NEWS)
$0.000551 (-15.92%)
Jul 15, 2021 (Thursday)
13:30 
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Popular news
