Register | Sign in
ituglobalforex@gmail.com
always available 24/7
Call Us +234 (0)90 8562 3559
always available 24/7



Ethereum (ETH) Daily Price Forecast – January 10

Posted In: Forex Trading   Posted On: 2019/01/10 12:01 PM    Posted By: ituglobal




ETH/USD Medium-term Trend: Ranging

 

·         Resistance Levels: $240, $250, $280

·         Support Levels: $150, $130, $110

 

Yesterday, January 9, the price of Ethereum was in the bearish trend zone. The crypto’s price had been trading above the $150 price level in the last four days. It was assumed that the bears would break the $150 price level since it was in the bearish trend zone.

 

Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the stochastic indicator is above the 20% range which indicates that Ethereum is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

 

 

ETH/USD Short-term Trend: Ranging

 

On the 1-hour chart, the crypto's price is in the bearish trend zone. Today, a bullish candlestick broke above the EMA but price pulled back. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

 

The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

 

Source: www.bitcoinexchangeguide.com




  Share on Google+



0 Responses

No Responses yet!

Please Sign in or Sign Up to post comments