ICOCalendar.Today

  • ICO Directory 📖
  • ICT Token 🔥
  • Blockchain News 🗞
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project 💣
  • Submit Press Release 👍
  • ICO Directory 📖
  • ICT Token 🔥
  • Blockchain News 🗞
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project 💣
  • Submit Press Release 👍

Ethereum Stuck In A Key Range Can It Break This Key Resistance?

3/15/2020

Comments

 
Ethereum is trading in a tight range above the $110 support area against the US Dollar. ETH price must break the $132 and $144 resistance levels to start a fresh increase. Ethereum is currently consolidating below the key $144 resistance area against the US Dollar. The price remains well supported on the downside near the lower end of the range at $110. There is a major bearish trend line forming with resistance near $140 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also consolidating above the $4,800 and $5,000 support levels. Ethereum Price Setting Up For Next Break In the past two days, Ethereum mostly traded in a range above the $100 handle against the US Dollar. ETH price seems to be forming a major range between the $110 and $140 levels. The key swing low was near the $90 level before the price recovered towards the $145 level. It failed to continue above the $145 level and remained well below the 100 hourly simple moving average. Recently, there was a minor downward move below the $135 level. Ethereum price settled below the 23.6% Fib retracement level of the recovery wave from the $90 low to $145 high. On the downside, the $120 and $118 levels are acting as decent supports. Besides, the 50% Fib retracement level of the recovery wave from the $90 low to $145 high is also providing support. On the upside, there are a few key hurdles forming near the $132 and $140 levels. There is also a major bearish trend line forming with resistance near $140 on the hourly chart of ETH/USD. The trend line resistance and $142 are close to the 100 hourly simple moving average. Ethereum Price Therefore, the price must surpass the $142 resistance level and the 100 hourly simple moving average to start a strong increase in the near term. The next major resistance is seen near the $155 and $160 levels. Chances of More Losses If Ethereum fails to recover above the $132 and $140 resistance levels, there is a risk of more losses. An initial support is near the $118 level. The first major support is near the $110 level, below which the price could accelerate lower. The next key support is near the $102 and $100 levels, where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is currently just below the 45 level, with a bearish angle. Major Support Level – $118 Major Resistance Level – $140

Via https://www.newsbtc.com/2020/03/16/ethereum-stuck-in-a-key-range-can-it-break-this-key-resistance/
Comments

    Blockchain News

    Leading global blockchain news provider. A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography.
    BLOCKCHAIN NEWS

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017

    RSS Feed

​About

  • About us​
  • ICT Token
  • News​​
  • Testimonies
  • Terms of Service​​
  • ​​We on Google News​ 🤑
  • ​We in the media
  • ​Partners

Let's connect!

News Feeds

  • Blockchain News
  • Jobs Board 👨‍🎓
  • Bitcoin News
  • Ethereum News
  • Binance News
  • ​Tron News
  • Cardano News
  • EOS News
  • Tezos News
  • Stock Markets
  • COVID-19 News
  • Crypto News
  • Chainlink News
  • Litecoin News
  • Dash News
  • Monero News
  • ETC News
  • NEO News
  • Maker News
  • DeFi News
  • ZCash News
  • Algorand News
© 2017-2020 ICOCalendar.Today. All Rights Reserved.