Analysis Editor's Picks

ETH/USD: technical analysis course, 20-21 November 2018

Short-term trend remains to the downside Ethereum. The day growth of quotations of the pair of ETH/USD seen as a correction of the downward movement of scriptactive.

The four-hour chart the ETH/USD

For the current session on the four-hour chart of the pair ETH/USD is designed the key levels of support and resistance.:

  • the level of short-term reversal – $154;
  • support levels– $142, $134, $120;
  • resistance levels– $167, $175, $188.

Session low price Ethereum recorded at $121,50.

20 ноября ETHUSD H4
20 Nov ETHUSD H4

Bulls actively bought Ethereum third key level of $120, which gave the opportunity to customers to partially recover day losses and to test the resistance of the bears on the key price level of $142.

Resistance day growth of quotations ETH/USD bears have formed the dynamic level line EMA9 with the current value of $144,30.

At the time of the market review of ETH/USD is trading at $135,30. Temporary support to scriptactive buyers had on the second key level of $134,00. In case of breaking the next support level we should expect lower prices Ethereum at least until its day low.

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