Analysis Editor's Picks

ETH/USD: technical analysis course, 14-15 December 2018

Bears on the market Ethereum break the support price of cryptocurrency on the key level of $83,30.

The four-hour chart the ETH/USD

At the end of the day bears on the Ethereum market broke the price support cryptocurrencies at the local level $86,00.

In the course of trading on ETH 14 December, amid a sharp growth of volumes of open short positions, the Ethereum have steadily declined in price to the key support level of $83,30.

14 декабря ETHUSD H4
14 Dec ETHUSD H4

At the time of the market review pair of ETH/USD is trading below the key level at $82,90. In that case, if the sellers will complete day trading prices below $83,30, will open a scope for reduction in the price of Ethereum to its historic low of us $81,00.

The achievement of intermediate goals by the bears, from a technical point of view, perhaps before the end of this week.

These technical indicators confirm the predictions of lower prices Ethereum: EMA14 above the current price of the tool and is pointing down, RSI values in the field of sales and the indicator line crosses the boundary of oversold territory.


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