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ETH/USD: technical analysis course, 15-16 January 2019

Technical indicators signal about increasing short-term sales Ethereum paired with the US dollar.

The four-hour chart the ETH/USD

At the time of the market review Ethereum to the United States dollar is quoted at $125,13 against the high prices of the previous day at $132,30.

Not breaking the resistance level sales price correction of 38.2%-$130,00, during the current session a pair of ETH/USD predictable move to the nearest level of support that the bulls are temporarily formed on the moving average line with a value of EMA14 at the moment – $125,28.

15 января ETHUSD H4
15 Jan ETHUSD H4

Without the intervention of the major players in the appreciation of Ethereum, price of scriptactive aimed at reducing the range of $of 120.60-111,20 levels which are represented by lines of correction 50.0% and 61.8%, respectively.

Data of the relative strength index also points to a high probability of reducing prices: the index values are in sales, RSI7 line breaks from the top down the line EMA14, giving the signal to start short-term sales Ethereum paired with the US dollar.


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